JSW STEEL Shorting opportunity in Intraday

Began a downtrend and made a correction at 0.5 fibo levels and formed head & shoulder pattern and again resuming the trend.

Entry :- 632 to 636
Stoploss:- 643
Target :- 620 ++

Reasons:-
1.0.5 fibo rejection
2.Head & shoulder pattern breakdown
3.Volume support
4. down trend

Note

Moving in our direction and with good volume confirmation

Note

Made a low of 606

Note

Still i am aiming for a little but more i see support at the 600 levels so i will be very cautious

Trade closed: target reached

KSR010

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

KSR010

Also on: