JSW Steel at near Short

The valuation of the stock has been diminishing due to overall weakness in steel sector. The RED level marked is a retracement zone of 61.8 and previous strong resistance level where selling can be seen.

Keep a close eye on the 1140-1145 level and if we could find any weakness at that level then it will be a safe bet to sell this one.

LONG SHORT in near term.
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