JSW STEEL - ASCENDING TRIANGLE BREAK OUT
Updated
Stock has broken a key weekly resistance.
Price has retested the resistance as support & could be heading higher in coming days.
Metal index is on the verge of breaking out as well.
Thanks.
Price has retested the resistance as support & could be heading higher in coming days.
Metal index is on the verge of breaking out as well.
Thanks.
Note
todays candle is a brearish engulfing...and it quite strongly indicates that setup has failed and it is going down.
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