JSWSTEEL
JSW STEEL LTD | NSE | ANALYSIS JSW STEEL Has broken out of a ascending triangle and has retested the support quite a few times, holding strong.
- MACD is closing in and a bullish crossover is imminent, implying a continuation upwards.
- The price action is currently supported by the 50MA on the 2H TF.
- First target is 205 (7%)
- Second target is 231 (~20%)
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JSW STEEL BUY ABOVE 173 BY PAB SETUP !Hello Guys,
Buy only above 173 for Target toward 180-185-190 (Control Price), I have not seen any elliote wave in the short time frame, soon I am analysis In bigger time frame in which we use multiple setups for a more clear picture, If you don't Like Red background colour then message me I will change in the next setup
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JSWSTEEL is Almost into Bearish TerritoriesJSW Steel LTD (NSE: JSWSTEEL) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 254 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 247 Zone . Then 240 and 232 are the next support. For Swing Traders, 221 Zone is Very Critical. Below which we can see a good amount of selling.
JSW Steel Ltd, the flagship company of over $11 billion JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA.
JSWSTEEL is Almost into Bearish TerritoriesJSW Steel LTD (NSE: JSWSTEEL) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 254 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 247 Zone . Then 240 and 232 are the next support. For Swing Traders, 221 Zone is Very Critical. Below which we can see a good amount of selling.
JSW Steel Ltd, the flagship company of over $11 billion JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA.
JSWSTEEL #JSWSTEEL BUY setup - Hunt with tRexBuy JSWSTEEL above 250
We can observe that JSWSTEEL after forming a double bottom has given a strong bounce breaking the peak between the double bottom with Bollinger bands expansion.
If the momentum is strong enough to sustain the rally, then we can expect it to go towards 263 upon breaking 250 level.
T1: 255
T2: 260
T3: 263
SL: 244