Steel Strips Wheels – Technical Analysis

The stock

(SSWL) is showing a strong bullish trend on the daily chart. The stock has moved sharply from the ₹200–220 zone and recently made a fresh high near ₹384.15. The latest move is supported by a sharp rise in volume, showing strong participation. However, after such a fast rally, volatility and profit-booking risk can remain high. Support & Resistance: Immediate support is around ₹350–360 followed by ₹330–340. A deeper correction can bring ₹300–310 into focus. On the upside ₹380–385 is the immediate resistance zone and also the recent high area. A sustained breakout above this zone can keep the existing bullish structure active. Short-Term Buyers & Holders View: For short-term buyers the ₹350–360 zone is important for maintaining the recent momentum. A decisive move above ₹380–385 with strong volume would indicate continuation of the breakout structure. If price starts closing below ₹350 momentum may weaken and a pullback toward ₹330–340 becomes possible. Holders can monitor the ₹350 support and ₹385 resistance for confirmation of the next major move.