Technical analysis by Chel about Stock فولاد: Buy recommendation (12/5/2023)

According to Mr. Alfonso's supply and demand, now the price is under the control of the weekly time supply, so the only demand that can stand in front of it should belong to the weekly time, not the daily. Such a price starts from 570 tomans. So, I will not enter until I see 570. In terms of daily time, it has given a recent rally as an overextension, so it will return to the origin of the movement, which is around 570 with a loss limit of 520 tomans. Of course, it will take at least a few weeks