BullBaba92

JSW Steel - Candidate for Swing trading

Long
NSE:JSWSTEEL   JSW STEEL LTD
CMP 715

Rationale -
1- Stock already in a positive trend - Trading well above the 100DMA and forming higher highs and higher lows
2. It just crossed the 20DMA and gave a closing above it for 2 consecutive sessions indicating regaining strength after almost one month of consolidation.

Can bet for a target of around 770 in few days. SL around 680.