JSW STEEL short term trend analysis
Early from low of mid june JSWSTEEL scrip is rally in 5 five sequence
the fifth wave formed as ending diagonal with truncated internal sub wave of 5, a truncated wave formed means it cautions impending price move as sharp raise/fall. in current case bullish ending diagonal with truncated fifth wave means sharp price fall is expecting.
Entry: below 727
Target: 670 /630
Protective Stop : 760
Disclaimer: Please be aware of risk and take positions as financial instruments are risky to trade
the fifth wave formed as ending diagonal with truncated internal sub wave of 5, a truncated wave formed means it cautions impending price move as sharp raise/fall. in current case bullish ending diagonal with truncated fifth wave means sharp price fall is expecting.
Entry: below 727
Target: 670 /630
Protective Stop : 760
Disclaimer: Please be aware of risk and take positions as financial instruments are risky to trade
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