JSWSTEEL May reach ATH soonWith the latest news on steel sector (removal of export duty tax), JSW steel may outperform among the lot. It may spend some time around 740 to 760 levels before it surpasses it's all time high in medium term.
JSWSTEEL
JSWSTEEL Bullish ViewMy bullish view on NSE:JSWSTEEL .
Best level to take entry is 635. Can hold for level of 655 & 686. Best Risk & Reward levels.
Stop loss will ne on 615 (20 Points)
Note: This is my personal analysis, only for learning.
JSW STEEL - Butterfly PattenJsw Steel looks good on all time frames, the weekly and daily charts are in sync helping prices to move swiftly.
There is a probability of the Butterfly pattern, which is a five-legged harmonic pattern, which if unfolds can take the stock to 725 to 755 levels in the coming weeks.
I would wait for a Dip to enter the stock, however, there are chances that we might not get a dip, as price action looks quite strong.
So I will take FOMO trade right now, despite strong price action, because it is better to wait for a halt than jump on the fast-running train.
Hence if the dip comes, there is a trade on the table. otherwise, move on to the next bet.
Support at 670-680
JSWSteel Futures Long ChannelJSW Steel Futures is confined within a channel Very high probabillty to reach upper channnel line.. Buy @ 695 SL 680 Tgt1 740
JSW Steel Long good rewardDear All,please check the chart for BTST,short term or long term you can buy this stock,will see good return NSE:JSWSTEEL
JSWSteel on way back to 600Positive divergence formed on RSI and it managed to close above Fib retracement 1.41 level but it has a minor resistance around 557 and once it clears that, 595-600 would open up.
Disc: Not a sebi registered adviser
JSW Steel Analysis JSW steel make a W pattern which represent the bullish power of the bulls. If the stock break the structure and the 200 EMA on its lower time frame then go for it.
It is also a swing trade if you see the chart on 1Hr time frame it make a clear W pattern and we can book the profit at 200EMA.
(Always Do your own analyis )
STEELCITY #STEELCITY 63 to 90 #Invest #Trading #IT #IRON #STEELNSE:STEELCITY
NSE:STEELCITY
STEELCITY
CMP: 63.80
Target 90
SL: 55
TF < 3 months
Return > 44%
RR > 3
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
JSWSTEEL getting ready for next upmove?After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year.
It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50.
RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can add on dips upto 725-730.
This opinion is just based on my personal analysis and not a trading suggestion.
Bullish flag pattern. JSWSteel.JSWSteel
Bullish flag pattern.
Good entry around 715-720 if it comes to that.
SL 560
Target 800, 900, 1000+
JSW Steel BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
JSW Steel BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
JSWSTEEL BreakoutJSWSTEEL Breakout.
Higher volume.
Relative strength: Beating NIFTY on 20, 50, and 100 days.
Clear flag pattern go for long target 1000+ sl 600Clear flag pattern go for long target 1000+ sl 600
jsw ready to fly if today close above 700 levels then buy for target of 725 and 760 as shown in chart
Swing and positional trading opportunities for next week, 17 JanHere are a few stocks and sectors that might be good adds to your watchlist. This is made with @AVENUESOFINVESTMENT.
Sectors (W):
Nifty
Auto
Nifty Bank
Infra
IT
Media
Metal
MNC
PSE
PSU Bank
Realty
Stocks (W)
Coal India
Divis Labs
Grasim
SBI Life
HCL Tech
HDFC
IOC
JSW Steel
NTPC
ONGC
SBI Life
Tata Consumer Products
PNB
Indigo
Tata Coffee
West Life
Angel One
Avanti Feed
IRCTC
KSCL
Nazara
Walchandnagar
Curious to hear your thoughts as well.
Buy Jswsteel above 698 stop loss 644 target 732 , 793Jswsteel price is trying to get above the range since long time . some steel stock are making LTH . so one can expect good run in the jswsteel also. charts structure is also favors the same . buy only above the price 698 and keep strict stop loss
JSW Steel ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
JSW STEEL BULLISH PENNANTHello traders,
The last two analysed stocks MOTHERSUMI and TCS have hit their target so you can book or trail.
The stock I have got for you today is jswsteel, it's trying to give a breakout at the time I am writing this idea.
It's breaking the counter-trendline which has been the resistance for 3 nodal touches, and it has also made a Bullish Pennant on weekly timeframe.
Buy above closing - 682
Targets mentioned in the chart above.
RSI is in bullish zone
MACD is Bullish
Pattern is on Daily as well as weekly timeframe.
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
