JSW Steel (Weekly):
1. As Nifty Metal has given Breakout on Weekly charts, JSW Steel (which constitutes to be almost 14% of Nifty Metal) has also given a Flag and Pole Breakout.
2. Stock has given breakout after almost 300 days
3. Upper Bollinger Band on Weekly Charts is challenged
4. Also there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Note:
1. The above analysis is for educational purpose
1. As Nifty Metal has given Breakout on Weekly charts, JSW Steel (which constitutes to be almost 14% of Nifty Metal) has also given a Flag and Pole Breakout.
2. Stock has given breakout after almost 300 days
3. Upper Bollinger Band on Weekly Charts is challenged
4. Also there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Note:
1. The above analysis is for educational purpose