Cfa_Arvind

JSW Steel - Negative Divergence and Double Top Formation

Short
NSE:JSWSTEEL   JSW STEEL LTD
JSW Steel - Double top formation and Negative Divergence found at the same level. It indicate that price will correct up to Rs 315 or FR Level 38.2%.
Most of the pattern, divergence and candle confluence that JSW Steel will fall. If we understand candlestick carefully then we can see rejection from the
upper level and formed candlestick pattern like shooting star , Gravestone Doji in weekly basis and previous candle was variation of Bearish Engulfing on daily basis.

JSW Steel Short Sell
Sell Below 388
Stop Loss 427
Target 360 & 315
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