JSW STEEL – CMP - ₹198.40 Dt. – 13-07-2020
In 4 hour, chart the stock has made a higher high and higher low pattern. Buying has increased and CCI is in the overbought zone and the price is above 50DEMA in daily chart as well. Estimated return is 8-10% if purchased around ₹200. If the stock broke the upper trendline with good volume then it can give a very good return in the short term.
The metal industry depends on global cues so keep an eye on the news as well.
In 4 hour, chart the stock has made a higher high and higher low pattern. Buying has increased and CCI is in the overbought zone and the price is above 50DEMA in daily chart as well. Estimated return is 8-10% if purchased around ₹200. If the stock broke the upper trendline with good volume then it can give a very good return in the short term.
The metal industry depends on global cues so keep an eye on the news as well.
Trade active:
Price fell due to weakness of the global market but the price has taken the support of trend line which is good news.