JSWSTEEL long trade setup RR 1:2
TP 350 / 365
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable...
It is been observed on the Daily and weekly chart that the price action is trending up and now forming a ascending triangle on weekly and daily chart indicating buyers control over price action.
Short term: (2-5 Days)
Mid-term (1-2 weeks)
Absolutely No Idea what I should write in description, if you ask I can answer thats it :)
Got one point , its 9000 shares per Lot, So better take care of it & its very Risky to have that exposure !
Happy Trading !
The price action on hourly charts indicates that there is high selling pressure that has broken out from preceding diagonal pattern. It simply indicates weakness and dominance of sellers.
Target 1: 1668 (i.e. Fibs retracement levels of 0.382)