nandodeomkar

JSW Steel Weak

Short
NSE:JSWSTEEL   JSW STEEL LTD

It has formed double top on a very short time frame.
But the RSI also formed two tops.
The second top is lower then the first one which means lesser people tried in making the second top.
The tells us decreasing interest in the stock after breakout.

There has already been a big rally and we can expect a consolidation in metal stocks soon.