Usha Martin - In a Resistance Band

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Manufactures of speciality steel products . Pledge percentage is very high and promoters are increasing in QoQ. Stock is in a resistance band. Stock is nearer to 52 week high. RSI indicating price getting more stronger .But declining profit margin and pledge % of promorters are a threat to its subsequent move.
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Testing resistance band
Chart PatternsTechnical IndicatorsnseindiastockstowatchTrend AnalysisUSHAMART

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