JSW Steel formed Double Top chart pattern after a long rally. Chart pattern complete in three months time frame. If we observe candlestick chart carefully, then we get variation of evening star at the top of chart. Our view in JSW Steel is sideways to negative.
If price goes above double top then chart pattern will not be valid.
Sell below 747
Stop Loss above 780
Target 1 - 656
Target 2 - 600
Target 3 - 520
If price goes above double top then chart pattern will not be valid.
Sell below 747
Stop Loss above 780
Target 1 - 656
Target 2 - 600
Target 3 - 520