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Steel Authority of India has extended uptrend for fourth consecutive session with strong volumes. The stock formed long bullish candlestick pattern on the daily scale, while trading above all key moving averages.
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BSE formed bullish candlestick pattern with long upper shadow on the daily timeframe & robust volumes, which is a positive sign. The stock continued uptrend for fourth consecutive session and traded well above all key moving averages (20, 50, 100 and 200-day EMA).