JSW steel has given breakout from falling triangle and also trading above 20,100 and 200 DMAs but below 50 DMA. In friday's blood bath it managed to hold the gains it made with higher volume than average daily volume and closed in green. RSI (Relative Strength Index) has given bullish crossover.
Traders can buy the stock with short term target of 780 and stop loss at 722.
CMP on friday was - 739.85
