Shredskin

Another Up? Possible.

NSE:JSWSTEEL   JSW STEEL LTD
JSW is most likely in a complex corrective pattern and I don't think there will be major down moves from the current levels. There is a high probability that it will swing up first - not breaking the high above the trend line- and then start moving down. There is no buy setup yet, it could either setup in the next few hours or we might see a sell setup at the top. Risk reward is favorable for a sell when it goes high.
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