JSW STEEL Update and Road Ahead

In Past I repeatedly posted my Bullish view on METALS. Also suggested few trades from this space. 1 such stock has completed its Targets on Upside. The stock is JSW STEEL
Posted my view on it on 12th of July 2021. Gave entry above 710 on 19th of July. Completed first target of 740 on 29th of July and second Target of 771 has been achieved today. But the Story doesn’t end here. It’s a beginning of a new cycle on upside. Near term Vibration setup suggests levels of 810 and 850 shall be tested in coming weeks. But the HARMONIC CHANNEL is signaling price Targets of 900 and 1041 on cash in medium Term. It would get very lengthy if I explain it in GANN TERMS. Another point to understand is these targets are not going to come overnight. There are few obstacles in between but ultimately these channel targets shall be completed in next few months.

Leave a comment