NeeteshJain
Long

JSW STEEL - Trending Up (Ascending Triangle)

BSE:JSWSTEEL   JSW STEEL LTD
It is been observed on the Daily and weekly chart that the price action is trending up and now forming a ascending triangle on weekly and daily chart indicating buyers control over price action.

Short term: (2-5 Days)

Target 205
Stoploss: 197

Mid-term (1-2 weeks)

Target: 210
Stoploss: 196

Regards
May 15
Trade active
May 16
Trade active
May 16
Trade closed: target reached: Target 1 reached. Regards
Neetesh, could you please advice further course of action on this? Can one accumulate at this level?
+1 Reply
NeeteshJain abhinavk31
@abhinavk31, It seems to consolidate from here on within the range of 185-210. If it closes below 185 levels that further weakness and it closes above 210 then further bullishness in trend. Regards
Reply
SL hit..what a fall!
Reply
NeeteshJain abhinavk31
@abhinavk31, Both Targets met yesterday as the price action touched the high of 209.30 which was close to Target 2. Regards
Reply
Hi neetesh, I entered today at 201 after the stock showed some pullback...hoping for continued upside thanka
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First target done
+1 Reply
Can you give me intraday entry and exit points, with strict SL
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