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JSW Steel - Technical BUY

As one can see from the chart below the stock had been trending downwards in a channel since May'21. This week it has broken out of the channel. If the stock performs as we are expecting it to, it should give about 15%-25% return in next 6 to 8 weeks. i.e. it should reach somewhere in between INR820-920. Based on your risk appetite, we would recommend traders to take a call.

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