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NeeteshJain

JSW STEEL - High Rewarding Short Setup

Short
JSW STEEL LTD. (BSE:JSWSTEEL)  
NeeteshJain Updated   
BSE:JSWSTEEL   JSW STEEL LTD.
Parallel Channel JSWSTEEL steel NIFTY trendcontinuation
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parallelchannel jswsteel steel nifty trendcontinuation
It is been observed that the price action has previously breaks out from a channel as shown in Tata Steel chart (link given below) and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 1660 target levels.

Risk/Reward: 1/5

Target1: 1660
Stoploss: 1800
Trade active
Trade closed: target reached

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