JSW STEEL- Getting Ready
JSW Steel Daily chart.
Range contraction is happening, once we break above 773-775 levels, we can see good upside move in this.
The Ascending triangle most often appears in an uptrend and it is considered a continuation pattern.
The analyst must simply look to see the direction of the previous trend and then make assumption that the previous trend will continue.
Note= Get in the habit of focusing on your trading system and following the process for entries, exits, and position size, rather than the money you are making or losing at any particular moment
Range contraction is happening, once we break above 773-775 levels, we can see good upside move in this.
The Ascending triangle most often appears in an uptrend and it is considered a continuation pattern.
The analyst must simply look to see the direction of the previous trend and then make assumption that the previous trend will continue.
Note= Get in the habit of focusing on your trading system and following the process for entries, exits, and position size, rather than the money you are making or losing at any particular moment
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