It is been observed that the price action has previously breaks out from a channel and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 340 target levels decided on the facts:
1. Measurement of the breakout channel and
2. Previous Resistance levels now shall act as support levels.
Risk/Reward: 1/5
Target1: 342
Stoploss: 381
1. Measurement of the breakout channel and
2. Previous Resistance levels now shall act as support levels.
Risk/Reward: 1/5
Target1: 342
Stoploss: 381
Trade closed: target reached:
Target reached yesterday.
Trade active:
Targets of JSW steel was achieved yesterday and now it is in progress to achieve targets.
