JSW STEEL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong trend line resistance at current levels, will favor bulls once JSW STEEL closes above its recent high @ 1365. (Updated on 13th September 2014, Saturday).

JSW STEEL

• As per previous report published on JSW STEEL, Stock gave good strength after breaking resistance @ 1308 and made a high around 1365 but after that stock fell down. (Click here to see previous report published on JSW STEEL).
• As per current stock analysis chart no1, JSW STEEL has now entered in up channel formation, as long as stock moving in this pattern bulls will be favored in this counter.
• Also See - DELTA CORP facing strong golden ratio resistance at current levels, further strength expecting once closes above.
• As per chart no2, JSW STEEL will find resistance around 1365 its recent high, once stock closes and stays above 1365 then bulls may get active once again for next few trading days.
• Intraday tips - Close watch once JSW STEEL starts trading above 1365 during market hours , if holds above 1365 with volume then intraday bulls action is expecting.
• Suggested Reading - Investing in penny stocks.
• According to chart no3, stock moving up from 100 days moving average this will favor bulls and even stock major trend indicator "MACD" is now moving in a +ve zone and also moving above level 0 this indicates preice can move  up further.
• If JSW Steel moved up from current levels then 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.
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