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Friday, 15 February 2013

JSW STEEL

JSW Steel may take support @ 780 (cash ) levels. A long trade can be initiated in this counter at this level. There is also a probability that it can go to 745 level as a long term trendline is there. So keep on accumulating till 745 levels. .Targets would be 835, 987, 1090 and if it fails to hold 745 level then the support levels are 575, 470. Stop-loss would be 740 on closing basis.
The chances are rare that it would go below 745 as multiple supports ,Gann angle support, & Gann retracemnent  level supports are there.

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