JSW STEEL LTD
Panjang

JSW Steel : symmetrical triangle pattern breakout

193
1. Long-term trend : In uptrend ✅
2. Pattern formed : A Triangle is formed. Multiple touchpoints on the upper and lower trend lines from
March 25 to June 25.(3 Months) ✅
3. Breakout : Multi-Frame breakout.
Two breakouts on the same day, June 25, 2025 ✅
Breakout on Daily Chart
1. Triangle upper trend line breakout with higher volume - 1.9M
2. Recent resistance 1015 - 1018

Breakout on Monthly Chart

4. Volume at breakout: higher volume - 1.9M ✅
5. RSI : Above 50
6. Confirmation: On June 26, the green candle closed above the previous breakout candles' high. ✅
7. Entry: 1028
8. Exit:
1. Based on Fib extension 1.68 golden zone - **1208**
2. Based on the first swing high and swing low at the start of the triangle pattern - **1198**
9. Total Upside: ~16-17%

No Buy Or Sell Recommendations

Penafian

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