As seen,in the chart JSW STEEL is in a Bearish Channel in daily timeframe and in hourly timeframe it is forming a Symmetrical triangle chart pattern.We can plan a trade after the breakdown of channel. And Jsw Steel is coming down by taking resistance from its all time High.So it can be good trade after the breakdown and also there is also a possibility of going to upwards again to it's Upwards Channel resistance. If it gives the breakdown then our stoploss can be the high of breakdown candle and you can decide your traget as you want. Safe traders can enter after the retest.
DISCLAIMER: I am not SEBI registered it is only for educational purposes. Any risk involved in it is your responsibility.
DISCLAIMER: I am not SEBI registered it is only for educational purposes. Any risk involved in it is your responsibility.