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Saket_Ojha

End run of Steel - Bearish view of JSW

Short
JSW STEEL LTD (NSE:JSWSTEEL)  
Saket_Ojha Updated   
NSE:JSWSTEEL   JSW STEEL LTD
Trend Analysis Support and Resistance Double Top or Bottom steel nifty50 breakdown Bearish Patterns stoploss Indices investment
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trendanalysis supportandresistance doubletoporbottom steel nifty50 breakdown bearish stoploss indices investment
A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels.
But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area.
It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.
Trade closed: target reached
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