Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels • ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels. • MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target - 725 736 771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.