JSWSTEEL BEARISH -TGT 770-789

JSW Steel Ltd. is also an interesting Bearish chart with following

1. Price formed Black Marubozu candle on weekly chart
2. Price formed Three black crows pattern on daily chart
3. Price walking near lower Bollinger Bands on Daily Chart
4. Stock Making lower lows on daily chart for last three days.


5. 2. Major support on weekly time is near 769-790 zone

Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take one with my own Risk Reward matrix.