JSW Steel long indications
Stock has been moving along with the support lines since a long time, now showing some momentum on the up from those lines. Red line is very long term resistance levels.
Looking for previous high of 893 to break for it to show some new highs with levels of resistance at 1050-1070. Only if it sustain then can give good momentum. If not then down side is also possible with initial base of 770.
Wait and watch approach on this.
No recommendations, just my view based on chart pattern .
Stock has been moving along with the support lines since a long time, now showing some momentum on the up from those lines. Red line is very long term resistance levels.
Looking for previous high of 893 to break for it to show some new highs with levels of resistance at 1050-1070. Only if it sustain then can give good momentum. If not then down side is also possible with initial base of 770.
Wait and watch approach on this.
No recommendations, just my view based on chart pattern .