This is Daily chart of JSWSTEEL.
The stock is trading within an Ascending Channel.
It is currently near the lower support zone of the channel, which lies in the ₹920–₹945 range.
Simultaneously, a Symmetrical Triangle pattern is forming with a consolidation range between ₹930–₹950.
The stock is currently taking dynamic support from two EMAs: the first EMA is providing support near ₹245, while the second EMA is acting as a deeper support around ₹230. Both EMAs are helping maintain the stock’s bullish structure."
If this level is sustain , we may see higher prices in the stock.
The stock is trading within an Ascending Channel.
It is currently near the lower support zone of the channel, which lies in the ₹920–₹945 range.
Simultaneously, a Symmetrical Triangle pattern is forming with a consolidation range between ₹930–₹950.
The stock is currently taking dynamic support from two EMAs: the first EMA is providing support near ₹245, while the second EMA is acting as a deeper support around ₹230. Both EMAs are helping maintain the stock’s bullish structure."
If this level is sustain , we may see higher prices in the stock.
@RahulSaraoge
Connect us at t.me/Fivecirclesofficial
Connect us at t.me/Fivecirclesofficial
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.
@RahulSaraoge
Connect us at t.me/Fivecirclesofficial
Connect us at t.me/Fivecirclesofficial
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.