JSWSTEEL Analysis
Updated
the stock is trending upwards....
Pvevious Resistance is broken (ATH).....
in daily time frame price is ready to test the previous resistance...
if this resistance is turned to be a support then this stock is again bullish...
If we go to the smaller time frames...price is in consolidation after a ATH is broken...
consolidation + Downside ==Upwards may be possible...
so please be patient until price retest...if retest failed will take further action....
If this post finds Helpful...please Encourage me with a like button.
Thanks in advance...
Pvevious Resistance is broken (ATH).....
in daily time frame price is ready to test the previous resistance...
if this resistance is turned to be a support then this stock is again bullish...
If we go to the smaller time frames...price is in consolidation after a ATH is broken...
consolidation + Downside ==Upwards may be possible...
so please be patient until price retest...if retest failed will take further action....
If this post finds Helpful...please Encourage me with a like button.
Thanks in advance...
Comment
careful here guys....Comment
In daily time frame, price tested the resistance and moving again...upside...Strong rejection is observed from the top side...careful here before entering in long side.
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