Yes2Profits

JSW Steel - About to breakout of 52W/All-Time high

Long
NSE:JSWSTEEL   JSW STEEL LTD
JSW Steel was making higher highs and higher lows for a few weeks, and has been in a consolidation phase, forming an ascending triangle pattern.
It has shown a minor break out of the resistance, and now if it follows through, it can soon cross the 52W high for levels of 810 and 894 respectively.

The technicals are also giving a bullish bias for the stock.

Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.

Do show your love by pressing the like if you liked the idea.

Comments