- Bank nifty near the falling resistance line and 50 Day SMA. Price must do a daily close above these two levels for extending this bounce.
- Hour chart also shows price near crucial levels like 50 and 61.8% Fib levels which must be crossed to extend the bounce in Hour chart.
Sir pls put your view on JSWSTEEL if track it. I got stuck in a Short trade in the stock.
ReplyDelete@nakshatra
ReplyDeleteJSW Steel daily chart shows a strong up trend. Shorting opportunity only if stock trades or closes below 986 levels. Bigger up moves likely on closing above 1046.
Oh actually I bought 980 PE of it at 19 CMP 11-12......anyways thanks will keep watch on 986 levels to go short in the stock.
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