JSW STeel Short : Descending Channel & GapPrice seems to be following the descending Channel. There was a gap down red candle 2 days ago. It has tried to fill the gap today but price got rejected at that level so it may provide a resistance and could be used as Stop Loss. Using all this information we can frame a short trade by risking a small amount the high of today and look for a target of lower boundary of the channel. Risk to Reward would be reasonably good.
