JSW STEEL LTD
Long

#JSWSTEEL Breakout

JSWSTEEL has attempted to breakout from the long consolidation after two months, if the opening price can sustain above today's closing price, then rally will be towards 800+ in the next one month. If the breakout fails, the support at 650 is strong enough to buy more. I am bullish on JSW Steel for the next 30 days as NIFTY METAL has formed a similar breakout pattern. ADD JSWSTEEL with a SL @ 740 for short term and SL of 650 for long terms.

Disclaimer