Continuation of multi year breakout

20 mar 2022

From April 2020 stock has been in uptrend and it has been supported by increase in steel price due to steel commodity super cycle. Since May month stock has been consolidating in a channel and Forming Flag, Currently stock has given fresh breakout from a channel. at current level if stock consolidates for few days above upper level of channel then it would be considered as breakout and retest any upward momentum from there would give confirmation of Bullish Trend. JSWSTEEL