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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.