JSW Steel is largest steel maker in India and fundamentally strong company,In correction it touched the low point 160.10 on March2009 and there it take a support crossed life high(1389)and made a new high1400 on October 2010 just 10point's,After that started correction and at now it reached 611 which is a strong support and retrastment of 61.8% from the total low (160-1400).And in candle stick a HAMMER pattern has formed.In my opinion long term traders can begin to buy the stock @ CMP and also in dips.Sure it will give a descent return
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JSW Steel is largest steel maker in India and fundamentally strong company,In correction it touched the low point 160.10 on March2009 and there it take a support crossed life high(1389)and made a new high1400 on October 2010 just 10point's,After that started correction and at now it reached 611 which is a strong support and retrastment of 61.8% from the total low (160-1400).And in candle stick a HAMMER pattern has formed.In my opinion long term traders can begin to buy the stock @ CMP and also in dips.Sure it will give a descent return