Stock Analysis of JSW Steel.
Aggiornato
JSW STEEL – CMP - ₹198.40 Dt. – 13-07-2020
In 4 hour, chart the stock has made a higher high and higher low pattern. Buying has increased and CCI is in the overbought zone and the price is above 50DEMA in daily chart as well. Estimated return is 8-10% if purchased around ₹200. If the stock broke the upper trendline with good volume then it can give a very good return in the short term.
The metal industry depends on global cues so keep an eye on the news as well.
In 4 hour, chart the stock has made a higher high and higher low pattern. Buying has increased and CCI is in the overbought zone and the price is above 50DEMA in daily chart as well. Estimated return is 8-10% if purchased around ₹200. If the stock broke the upper trendline with good volume then it can give a very good return in the short term.
The metal industry depends on global cues so keep an eye on the news as well.
Trade attivo
Price fell due to weakness of the global market but the price has taken the support of trend line which is good news.
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