Friends,
I am planning to write Stock mkt related thread (/writeup) on..

WHY STUFF WORK?

E.g. Why prior Support acts as Resistance?
If u have such questions related to Data/ TA, DM me. If possible, I shall incorporate reasoning for that as well.....
#learning #stocks

Friends,
Here we go.....

In this running thread, I shall explain my understanding/ observations on WHY aspect of Trading/ Investing/ Market analysis..

#trading #StockMarket

1. WHY Support turns Resistance and vice versa....

2. WHY few MA (like 200) work, sometimes?

3. WHY Support/ Resistance are more likely to break after multiple visits?

Learn about the STEEL SECTOR in this thread

The demand for steel is generally only 1.2 times the GDP & there is no significant growth in our GDP but still the sector has rallied relentlessly, lets try & understand

Do ‘re-tweet’ & help us educate more investors (1/22)
#Investing

The metal sector is broadly divided into 2,
-Ferrous is a category of metal that has Iron in it, Steel as an example
-Non-Ferrous is a metal, which does not have Iron content, Aluminum, copper, lead, nickel, Zinc etc.
This thread focuses on Ferrous & hence Steel (2/22)

To start, lets understand with how steel is made (its important).
Iron ore is mined, it is then first converted to Iron & Iron is then converted to Steel. There are 3 processes of making steel
-Blast Furnace
-Scrap Metal
-DRIP/Sponge
We will discuss all three (3/22)