JSW STEEL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock made a bullish break will favor bulls, On upper side will find resistance around 1308, 1325. (Updated On 21st August 2014, Thursday)

JSW STEEL

• As per previous report published on JSW STEEL, stock gave a sharp move after breaking its golden ratio resistance @ 1237 and after that stock made a high around 1300. (Click here to see past report published on JSW SEEL).
• Now daily chart indicates stock gave a sharp move after breaking its resistance, Now stock will find strong resistance around 1308 and 1325, if stock closes and stays above 1325 then sharp up move is expecting for next few trading days.
• Intraday close watch once stock starts trading above 1308 if holds above 1308 during market hours then intraday bulls action is expecting in JSW STEEL.
• Suggested Reading - JSW HOLDINGS moving in a range bound zone , sharp move expecting once stock comes out from its range.
• As per graph no 2, stock is moving up from 50 days moving average , this indicates as long as stock holds above it will be favored by bulls , once closes below 50 DMA then it will give first sign of weakness. Close Watch. Technical also indicates that stock major trend indicator "MACD" is now moving in a +ve zone and also moving above level 0 this indicates to can move  up further.
• As per graph no3, If stock closes and stays above its previous top then bulls will get active, and if moves up then stock will find next strong resistance around 1440 its 161.8% fibonacci retracement. Close Watch.
• Click here to see all the free trading reports (tips) published by us on JSW STEEL.
• Tips on share trading.