JSW Steel has resumed its uptrend after a corrective flag/down‑channel, with price bouncing strongly from the highlighted support zone around 1,150–1,160. The current candle shows buyers stepping back in above the moving averages, turning the recent dip into a potential higher low and offering a favourable long setup with defined risk.
The grey box projects upside room toward the previous trail‑target / resistance area near 1,215–1,225, where partial or full profit booking can be planned. As long as price holds above the SL band below recent swing low, the bias remains bullish for continuation; a decisive close back under this support would invalidate the trade idea.
#JSWSteel #JSWSTEEL #NSEStocks #IndianStockMarket #SwingTrading #LongSetup #TrendContinuation #FlagBreakout #SupportZone #TechnicalAnalysis #PriceAction #RiskReward #StockMarketIndia
The grey box projects upside room toward the previous trail‑target / resistance area near 1,215–1,225, where partial or full profit booking can be planned. As long as price holds above the SL band below recent swing low, the bias remains bullish for continuation; a decisive close back under this support would invalidate the trade idea.
#JSWSteel #JSWSTEEL #NSEStocks #IndianStockMarket #SwingTrading #LongSetup #TrendContinuation #FlagBreakout #SupportZone #TechnicalAnalysis #PriceAction #RiskReward #StockMarketIndia
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.