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As mentioned in chart....
Buy JSW Steel around 264 levels SL 260 Target 269 273
Trade as mentioned in the chart
Intraday Short @269 SL 285 Target 250
JSWSteel is doing currently a 5th wave of the correction of Weekly.
The 5th leg should test 235s. From there we can expect an ABC correction that should take us to 300-310s.
Let us see
levels mentioned in chart
I would greatly appreciate it if you kindly give me LIKE .
Still stick to the support line. If it moves up go long and if it falls below the line it could be an easy short.
Levels mentioned on charts
JSW STEEL GOOD TO BUY AT CMP
JSWSTEEL make double bottom keep watch break the neckline
dont enter Before the neckline break
Target 276 & 283
I am looking for one last drop before it makes turn around for 300+ , i am not convinced with current daily close ,
One can look for drop & strong pull back daily close , to go long
- the stock has some support at current levels around 268-277
- if the stock manages to hold on to the support levels then a bounce up to 296 / 308-320 can be a possibility
Take care & safe trading...!!!
Probably down side continue.
Long term turn down from gann reistance. Next support line fails to hold
Levels mentioned in charts :
BUYING FOR 311