JSW Steel – A Different Perspective.

📢 JSW Steel – A Different Perspective (Not a Trade Recommendation)

Let's talk about JSW Steel 🏗️ and why it's worth watching. More importantly, this post is to highlight why you should keep doing your homework even in a bear market 📉. If fear stops you from researching, you might miss the next big move!

🔍 Why This Stock is Interesting:

✅ Uptrend Since May 2022 – The stock has been in an ascending channel 📈, respecting the lower trendline.
✅ Higher Highs & Higher Lows (HH-HL) – The bullish structure remains intact.
✅ Trendline Breakout & Cup and Handle (CnH) Formation – A classic bullish signal ⚡.
✅ Relative Strength – While many stocks corrected 30-40%, JSW Steel held strong with just an 18% correction.
✅ Sector Strength – Metals broke out of consolidation, and if China rebounds, the spillover effect could benefit this sector.
✅ Above Key Moving Averages (DMAs) – Indicates positive momentum 📊.

⚠️ Risks Involved:
❌ The overall market is still weak 🛑.
❌ Bottom formation is uncertain – We might not have seen the final dip yet.
❌ Trading against the trend – Caution is needed when going against broader market sentiment.

🎯 Key Levels to Watch:
🔹 Support: ₹939 – Holding this level is crucial.
🔹 Break Below ₹879 – Could trigger further downside.

💡 Final Thoughts:
Add to your watchlist 📝 and consider accumulating gradually instead of going all in.
If the market falls further, most trades will go against you. Manage risk wisely!
Metals are cyclical – Timing matters ⏳.

📢 Disclaimer: This is for educational purposes only and not financial advice. Always do your own research before making investment decisions!