Bullish View on JSW STEEL
JSWSTEELIn 1 hour chart of JSE STEEL it formed positive divergence and bearish divergence for the same period with RSI i.e.. bullish view.
on 27 July it formed bullish engulfing after a inverted hammer and on 28 July it gave a confirmation candle by closing above previous close.
MA cross- Short term moving average has crossed over the long term moving average i.e.. bullish crossover.
Target-235
Stop Loss- 185
This analysis is done for academic purpose only.
I can be 100% wrong.Do your own analysis for trading.
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