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KSR010

JSW STEEL Shorting opportunity in Intraday

Short
JSW STEEL LTD (NSE:JSWSTEEL)  
KSR010 Updated   
NSE:JSWSTEEL   JSW STEEL LTD
Trend Analysis Chart Patterns Head and Shoulders stocktrading stockpicks
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trendanalysis chartpattern headandshoulders stocktrading stockpicks
Began a downtrend and made a correction at 0.5 fibo levels and formed head & shoulder pattern and again resuming the trend.

Entry :- 632 to 636
Stoploss:- 643
Target :- 620 ++

Reasons:-
1.0.5 fibo rejection
2.Head & shoulder pattern breakdown
3.Volume support
4. down trend
Comment:
Moving in our direction and with good volume confirmation
Comment:
Made a low of 606
Comment:
Still i am aiming for a little but more i see support at the 600 levels so i will be very cautious
Trade closed: target reached
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