JSW Steel is stood at a very crucial support, price action however, suggests it would be broken sooner or later.
Those holding longs should exit and those who want to go short, should either wait for a bounce (See projected Blue line) or should short when the price breaks below the horizontal support line. Once the support line is decisively breached, JSW Steel can go down to the level of 165.
Those holding longs should exit and those who want to go short, should either wait for a bounce (See projected Blue line) or should short when the price breaks below the horizontal support line. Once the support line is decisively breached, JSW Steel can go down to the level of 165.