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SAMBHV Steel – Price Action Breakdown

📰 Tradingview 🕐 1 min read 📅 August 16, 2026 👁 4 views
SAMBHV Steel – Price Action Breakdown
1. 📈 SAMBHV Steel – Price Action Breakdown The chart is showing some clean structure. A clear Double Bottom Reversal formed near support, followed by a strong bounce. Currently trading around ₹121. 2. Strong Support zone near ₹102–106 📷Price respected the double bottom and is now challenging the upper resistance again. 3. What stands out: • Buyers stepped in aggressively after the double bottom • Higher lows are forming • Still facing resistance near the previous highs This is a classic battle between bulls and bears at the resistance zone. 4. Outlook: As long as support holds, the structure remains constructive. A clean break & close above resistance could open the next upside move. What’s your view on SAMBHV from here?
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