IIT-Trader

JSWSTEEL Analysis

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NSE:JSWSTEEL   JSW STEEL LTD
the stock is trending upwards....
Pvevious Resistance is broken (ATH).....

in daily time frame price is ready to test the previous resistance...
if this resistance is turned to be a support then this stock is again bullish...

If we go to the smaller time frames...price is in consolidation after a ATH is broken...
consolidation + Downside ==Upwards may be possible...

so please be patient until price retest...if retest failed will take further action....

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Kommentar:
careful here guys....
Kommentar:
In daily time frame, price tested the resistance and moving again...upside...
Strong rejection is observed from the top side...careful here before entering in long side.

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