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ponraj_srinivasan
Jan 4, 2021 4:47 PM

JSW STEEL - Near Profit booking zone at monthly time frame Long

JSW STEEL LTDNSE

Description

JSW STEEL - Market is approaching Profit booking zone after taken support from Ascending Triangle pattern resistance

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Comments
AmHarikrishnan
Need chart explanation. So R6 will be the profti zone or how to find out next pull back resitance level ?
ponraj_srinivasan
@AmHarikrishnan, It market crosses above profit booking zone then we will get new pattern format. But we may need to wait for confirmation whether it's going to be breakout or reversal from the zone
AmHarikrishnan
@ponraj_srinivasan, okay. Thank you.
ponraj_srinivasan
@AmHarikrishnan, I will keep you posted for further updates based on market direction
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