Just refresh your memory and see in my last update on 23rd March ,I had written about Steel Ingots.
From 28040 it skyrockted to 29650 level.
(What else u want in life ? )
After Hitting a high of 29650,Correction started.
-In just 5 sessions crashed to 27830 level.
Now ,What to expect ?
After Looking at weekly chart it looks that 27716 is crucial support.
-Yes ,This is the major support !
-Three Consecutive close +Weekly close below this level will create another round of panic.
-Nonstop slide upto 26556-26169 not ruled out.
-Any Rise ,Any Revival…Sell Sell Sell.
I will update more to our Subscribers.
–Yes ,Gone short below 28950 and minted great money in 3 sessions itself.
Updated at 6:44/08th April/Baroda