Sanketpr

JSWSTEEL | Breakout | Technical Analysis | Long Opportunity

Long
NSE:JSWSTEEL   JSW STEEL LTD
3 Reasons to BUY this stock. Don't miss this opportunity.
1.Company to announce very good quarterly results
2.Trend Breakout in multiple timeframes. Daily, 4 hours, 1-hour timeframe
3. RSI hitting 60 mark and MACD showing reversal signs

Technical Indicator used Fibonacci Extension
Buy around 722 with Stop loss set at 710
Target 1 will be 739
Target 2 will be around 748

Please comment and share your views on this.
Comment: Update 26/07/1
Stock is showing up trend again after initial pullback from breakout
Comment: Target 1 ACHIEVED. Yayyeee...

Comments