JSW Steel Indian stocks Elliott Wave technical analysis [Video]
JSW Steel Elliott Wave analysis – Day chart
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Function: Bullish Trend.
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Mode: Impulsive.
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Structure: Orange Wave 3.
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Position: Navy Blue Wave 1.
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Direction next higher degrees: Orange Wave 3 (Active).
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Details: Orange Wave 2 appears completed, with Orange Wave 3 now unfolding.
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Wave cancel invalid level: 906.
The JSW STEEL daily chart Elliott Wave analysis highlights a bullish trend. Price action is currently in an impulsive mode, signaling strong upward momentum. The active wave structure is identified as Orange Wave 3, which is part of a broader bullish move defined by Navy Blue Wave 1. This setup indicates a robust upward phase within a long-term rally.
The chart suggests that…
