Short

JSW STEEL Shorting opportunity in Intraday

Updated

Began a downtrend and made a correction at 0.5 fibo levels and formed head & shoulder pattern and again resuming the trend.

Entry :- 632 to 636
Stoploss:- 643
Target :- 620 ++

Reasons:-
1.0.5 fibo rejection
2.Head & shoulder pattern breakdown
3.Volume support
4. down trend

Note

Moving in our direction and with good volume confirmation

Note

Made a low of 606

Note

Still i am aiming for a little but more i see support at the 600 levels so i will be very cautious

Trade closed: target reached

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