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.
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