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Jsw steel is a good mid cap company. on last thrusday it reached 52 week high and its break out the price resistance. This company has good capacity of steel produce and helpful for the infrastructural project. I believe this stock has potential of 30% of upside in 2018 and can give good fight to Tata Steel. For next three month this can be expected around 300.
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Hi sir,
It looks good from the fundamental perspective, but for the individual traders most fundamentals data’s are not available. so it will be great if you justify the trend using technical analysis.
Hi Vignesh,
i am not good in technical analysis yet. i am in learning stage. But i am good in fundamental analysis. Now JSW steel enter in construction market get beneficial from infra structure project. Reliance mutual fund increase holding of JSW steel. China industrial policies has changed due to pollution reason. They are not producing steel like previous years. They have dependency on India steel companies.
Hi Vignesh,
i am not good in technical analysis yet. i am in learning stage. But i am good in fundamental analysis. Now JSW steel enter in construction market get beneficial from infra structure project. Reliance mutual fund increase holding of JSW steel. China industrial policies has changed due to pollution reason. They are not producing steel like previous years. They have dependency on India steel companies.