JSW STEEL LTDEducation
JSW Steel Intraday Trade in Advance
Updated
Weekly has a double bottom and a recent Higher High. But, predominantly, it's a Downtrend. There is a wide bearish RSI divergence too. Price is hovering at an important level. 
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle rejecting the cross and pivot yesterday.
Today, if the price opens at the same level as yesterday's, I will look to go short with SL above the high of the previous day's candle in question. It would be an aggressive trade.
In Daily, nothing is supporting. There is a break of Trendline, but not convincing.
75 min is interesting. There is Head and Shoulders pattern, EMA crossover and a clear candle rejecting the cross and pivot yesterday.
Today, if the price opens at the same level as yesterday's, I will look to go short with SL above the high of the previous day's candle in question. It would be an aggressive trade.
Trade closed: stop reached
SL Taken. twitter.com/afzal_57/status/1203890227447783424
Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
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.