JSW Steel Breaking Out Diagonal Pattern (Bearish)
The price action on hourly charts indicates that there is high selling pressure that has broken out from preceding diagonal pattern. It simply indicates weakness and dominance of sellers.
Target 1: 1668 (i.e. Fibs retracement levels of 0.382)
Stoploss: 1840
Target 1: 1668 (i.e. Fibs retracement levels of 0.382)
Stoploss: 1840
Trade active
Now pursuing to target 1, get your shorts on
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.