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Alpha India LE – The JSW Steel Case

Orpheus Capitals, March 2011, Pages: 4


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The JSW Steel case

JSW Steel is one of the top rankers of the Indian Late Economic sector on both the daily and weekly rankings. The minor structure looks like a completed corrective 2/B wave up and now the beginning of a potential third impulsive wave down. Sub 0.382 key Fibonacci retracement levels near psychological 900 we should get further negative confirmation. Our first minor target lies at previous minor lows at 750 levels.



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