Keep a close eye on JSW STEEL for this week.
The price is trading around it's All-Time High resistance area.
Although it has broken the ATH today, on 3/7/23 but i don't trust this breakout.
It seems a bit weak.
Also, the resistance area is a weekly level so I would prefer a weekly breakout and a weekly candle close above 792.
Also, notice price is trading in a weekly ascending triangle which is typically a Bullish pattern.
So, if a weekly candle closes above 792, we can look for buying JSW STEEL.
This would a Swing trade- medium term investment.
But wait for the weekly candle close above 792.
The price is trading around it's All-Time High resistance area.
Although it has broken the ATH today, on 3/7/23 but i don't trust this breakout.
It seems a bit weak.
Also, the resistance area is a weekly level so I would prefer a weekly breakout and a weekly candle close above 792.
Also, notice price is trading in a weekly ascending triangle which is typically a Bullish pattern.
So, if a weekly candle closes above 792, we can look for buying JSW STEEL.
This would a Swing trade- medium term investment.
But wait for the weekly candle close above 792.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.