JSW STEEL LTDLong
JSW Steel at strong resistance
JSW Steel near the strong resistance levels for 5th time since 2 years near 770-775
Expecting the strength of the resistance to be less on this 5th attempt and have a possibility of a breakout on the north.
Also shows Flag pattern if pattern is looked upon.
Near term I am expecting it to go 868-997 if it breaks out with good volume.
Other charts of same Sector should be checked if the sector has a momentum.
No recommendations, just my view based on chart.
Expecting the strength of the resistance to be less on this 5th attempt and have a possibility of a breakout on the north.
Also shows Flag pattern if pattern is looked upon.
Near term I am expecting it to go 868-997 if it breaks out with good volume.
Other charts of same Sector should be checked if the sector has a momentum.
No recommendations, just my view based on chart.
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