EXPECTING TO WITNESS A BULLISH MOVE IN JSWSTEEL

As per the 1 Hour Chart of JSW STEEL, we can see a beautiful Formation of "Bullish Harami" on the downside levels of the stock. Therefore, we are expecting a bullish momentum in JSW Steel in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 662.25, 670.35, and 678.55. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 652.30, on closing basis. Closing Price (as on 21.12.21) : 658.50


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Comment:

JSWSTEEL has successfully reached its predicted 1st level of resistance, reflecting an uprise of 0.57% approx. and has made a High of 666.15, thereby reflecting an upmove of 1.16% approx.