JSW STEEL LTDLong
JSW Steel - Candidate for Swing trading
CMP 715
Rationale -
1- Stock already in a positive trend - Trading well above the 100DMA and forming higher highs and higher lows
2. It just crossed the 20DMA and gave a closing above it for 2 consecutive sessions indicating regaining strength after almost one month of consolidation.
Can bet for a target of around 770 in few days. SL around 680.
Rationale -
1- Stock already in a positive trend - Trading well above the 100DMA and forming higher highs and higher lows
2. It just crossed the 20DMA and gave a closing above it for 2 consecutive sessions indicating regaining strength after almost one month of consolidation.
Can bet for a target of around 770 in few days. SL around 680.
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