JSWSTEEL will breakout from its weekly Correction in coming Months .... Short term & Long Term trends looks upside.
LTP - 704.6
SL - 681
Targets - 775
Time frame - 1 Month
Lon Term Target - 1200+
Time Frame -1-2 Years
Weekly Flag Pattern Breakout above 775 will make the way clear for 1200+ in coming months.
After a long consolidation, JSW Energy shows some strength and momentum on the daily time and if we see the weekly chart then it is a retracement after the uptrend frame we will wait for the breakout and enter after re-test our entry price is 333 our SL is 303 and Target is 383.
JSW STEEL wait for breakout to buy above 738 level in days candle closing, suggesting a small risk if it reaches 620 level and keeping SL of 594, where you a look for target of 990 in 2-3 mths of time.