#JSWSteel

After long journey JSWSteel looks weak. It has broken down below the weekly VWAPHave given sell signal on 75M TF and PnF charts about to generate a Triple bottom sell. Would be a nice shorting idea below PDL and HVN low of 282. Risk reward looks very attractive at current price levels.

Comment:

Disclaimer: Objective of this channel and posts is to educate and help members learn technical analysis, from my personal trade picks. All these stock ideas or trade updates are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis the posted trade ideas. These stock ideas or views are momentum picks chosen using technical analysis and indicators and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

Comment:

Made low of 270 with 12 points gain before moving up again.