Cfa_Arvind

JSW Steel - Double Top formed

Short
NSE:JSWSTEEL   JSW STEEL LTD
JSW Steel formed Double Top chart pattern after a long rally. Chart pattern complete in three months time frame. If we observe candlestick chart carefully, then we get variation of evening star at the top of chart. Our view in JSW Steel is sideways to negative.

If price goes above double top then chart pattern will not be valid.

Sell below 747
Stop Loss above 780
Target 1 - 656
Target 2 - 600
Target 3 - 520

Comments

JSW Steel takes support near previous swing low 664 and almost achieved first target 656. 11% down from given level within a 10 days
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good bro
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