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Cfa_Arvind
Aug 9, 2021 3:47 PM

JSW Steel - Double Top formed Short

JSW STEEL LTDNSE

Description

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
Cfa_Arvind
JSW touches 650 marks, below 650 we can expect 10% more fall.
Cfa_Arvind
JSW Steel takes support near previous swing low 664 and almost achieved first target 656. 11% down from given level within a 10 days
maruthichowdary495
good bro
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