JSW STEEL after a long downtrend given bullish breakout and above 50 sma.
Will it touch 200 sma? or will it respect the channel once again?
I'm bullish till supply zone 305 above 315 final target will be 330 sl 270
Today positive breakout seen in JK Tyre & Industries, which broken above 200DMA and 6 month old trend.
Currently closed at 153.5, if stays strong above 154 it can reach 200+ level in short to mid term.
Keep stop loss at 145 on closing basis.