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.
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With weekly strong support at 245.50 level, the price didn't stayed much longer at the current low of 252.10. Stock likely to struggle to break the 270.00 level, if broken with strong momentum then possible Target 2 on radar given less optimistic market.
JSW is most likely in a complex corrective pattern and I don't think there will be major down moves from the current levels. There is a high probability that it will swing up first - not breaking the high above the trend line- and then start moving down. There is no buy setup yet, it could either setup in the next few hours or we might see a sell setup at the...