Jsw
JSW steel Long...JSWSTEEL long trade setup RR 1:2
entry 339.20
TP 350 / 365
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JSW STEEL - Trending Up (Ascending Triangle)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)
Target 205
Stoploss: 197
Mid-term (1-2 weeks)
Target: 210
Stoploss: 196
Regards
JSW Steel Breaking Out Diagonal Pattern (Bearish)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)
Stoploss: 1840