AmPe_stockanalytics

Bullish view on JSWSTEEL

Long
NSE:JSWSTEEL   JSW STEEL LTD
Strong rejection is seen from 189 level indicating resistance at the upper range of consolidation. Also the chart pattern under formation is Rectangle .
Rectangle is a continuation pattern so the positions can be initiated once price breaks and sustains above 189.
Target after breakout will be 204 and 216. Stoploss can be maintained below 162

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