The price levels have not touched the weekly high/low so far. By today, i.e. Friday it is supposed to come down to levels 215 and touch pink line.
If if goes up, and tries to touch the upper pink line, it can cross levels and touch broad Blue line @ 230 as well.
Key Levels for JSWSTEEL are : t.me - JOIN TELEGRAM CHANNEL
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JSWSTEEL long trade setup RR 1:2
TP 350 / 365
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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 !