Long

JSW steel long opportunity

Hello all!

JSW Steel has formed a flag and pole pattern. It has been consolidating inside the flag in May 2021 and finally broke out in March 2022. Also, the stock volumes have increased post-breakout which is a good sign.

The perfect entry would be after the retest of the upper flag trendline because the stop loss will be minimal there. Although small purchasing can be done at the Current price so as not to miss out in case of a straight up-move.

*NOT A CALL*

Traders_Town

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.