PriceActionTrader1

JSWSTEEL - potential bullish setup

Alış
NSE:JSWSTEEL   JSW STEEL LTD
JSWSTEEL is in ttm squeeze from past 22 weeks and it's making a high probability bullish setup.

1) All moving averages are stacked up.
2) Volume has decreased over time while the price retraced from the high.
3) VZO is showing sudden spike in recent candles and volume is also increasing gradually.
4) Price is getting rejected from 34 EMA and showing more buying pressure.

Because of above reasons, I think that there's a higher chances of squeeze firing upside.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.