The stock has tested the 350 levels multiple times (CMP 348.5) and has showed increased volume, rising MACD and RSI. if crosses immediate resistance of 350-352, upside till 375, 398 and 451 seems possible with trendline support at 332 giving a favourable R:R.
Added to my watchlist
JSW STEEL LTD
On weekly chart Stock trading in DARWAS BOX
and on daily chart Pole and Flag formation
Stock trading at recent highs and trading at good volume; Expected good movement in coming weeks
Buy above 760 levels for 8-15% targets.
keep SL of 725 levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any...
Double Breakout on Titan
1- Ascending Triangle
2- Darwas Box Theory
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So I am Posting two trades
TRADE 1- ONE CAN GO LONG ON IT(SHORT TERM) ABOVE 2720(WAIT FOR 15 MINUTES CANDLE) KEEP A STRICT STOP LOSS OF 2650 AND WAIT FOR TWO TARGETS
TARGET 1- 2840
TARGET 2- 2990
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TRADE 2- GO LONG ABOVE 2720(MID-TERM 10-12 WEEKS) KEEP A STRICT SL OF 2600 AND WAIT FOR THREE...
