JSWSTEEL is ready for 2 years breakoutEntry 730 to 735
6 months target 1190Rs
Stock is ready for 2 years long range breakout
JSWSTEEL trade ideas
JSW : a W?A close above 790 can break the long going consolidation on the upper side, I see a volatility contraction in the counter, if held well, this stock may run good in coming months, T 830, 930 and 1100.
Diamond Pattern & Ascending TriangleJSW steel on a longer term time frame which was forming a H&S pattern failed. And has also turned into a rare Diamond pattern along with a an ascending triangle pattern. A breakout would lead to a substantial rise in the stock
JSW STEEL-Retesting LVLS -Daily Timeframe- Keep eye 26th June
As per the daily Chart JSWSTEEL BO near 730-740 lvls.
Stock has taken rejection on its previous high near 786-790 lvls.
Now it is retesting its Break out lvls which are 730-740 along with that it is hovering near .5 fib lvls.
Keep eye if we come across any bullish price action in 1hr chart we can go long and keep SL below the that price action lvls.
This analysis is only for learning and educational purpose. Please manage your risk accordingly.
JSW STEEL Make ascending triangle chart pattern in 4 hour time fram also make double bottom , 50 EMA cross 100 EMA from below , MACD and histogram saw fair value for bullish way so first Target will be 898.50 and stop loss will be 728.50
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
JSW Weekly Review After a long Time Breakout Happened in JSW
1.Strong Volume Buildup
2. market stand at breakout area
JSWSTEEL ready for Big BOjsw steel after many attempts to break its 772 resistance, looks ready for this time.
JSW Steel ready for major breakout 🚀JSW Steel getting ready for major breakout :
Why you consider it as a Quality Trade
1. Price @ All time high
2. Time frame : weekly & monthly
3. Pattern : Pole & Flag
4. Structure : Super Bullish
5. Positional Trade for almost a year
Take Cautions before take entry 🚫 :
1. Wait for price to close above ₹792 in weekly time frame
2. Calculate your proper Risk Management
3. This my analysis not suggestion
JSWSTEEL--At Resistance Zone??Observations::
--->> now the price is at resistance zone...
where previously a strong fall is observed from this levels.
Monthly Analysis::
weekly Analysis::
Daily Analysis::
If we see on bottom price consolidation + breakout is given...
No sign of bearishness is observed till...
JSW STEEL (W)JSW STEEL (W)
- Price Above all Major MAs
- Strong volume buildup
- Price has taken the support of Trendline
( Ignore below 745)
Good time to book profit in JSW Steel
Good time to book profit in JSW Steel as it seem to have reached its current swing high
JSWSTEEL--Breakout Range??Observations::
clearly the stock is trending downwards,
previous support @710-718 level, broken strongly.the same support @710-718 range is acting as resistance.
now price is trading in a range, wait for the break of either side movement.
Keep track this levels. sharp movements will happen while breaking the resistance or support, when price is in range.
JSW STEEL FOR SWING TRADE IDEA This swing trade idea focuses on JSW Steel, a prominent player in the steel industry, and explores the potential for a breakout trade opportunity. By analyzing the 2-hour chart using technical analysis, particularly through the lens of supply and demand zones, this idea aims to identify a potential shift in market sentiment from a downtrend to a bullish trend.
The proposed trade setup suggests initiating a long position if JSW Steel breaks out above the crucial resistance level of 715. The suggested stop-loss is set at 695 to manage risk effectively. The trade targets are established at 740 and 775, reflecting the potential bullish momentum the stock could experience upon breaking out.
The technical analysis indicates that JSW Steel has been in a downtrend, but there are signs of a possible trend reversal. By considering the supply and demand zones on the 2-hour chart, this swing trade idea seeks to take advantage of a breakout scenario, where the stock's price action surpasses the resistance level.
Please note that swing trading involves a certain level of risk, and it's important to carefully evaluate your own risk tolerance and conduct thorough research before making any trading decisions. This trade idea serves as a starting point for further analysis and should be combined with your own judgment and market assessment before execution.
JSWSTEEL--Bullish or ReversalObservations:
Jswsteel is trending upwards.
After a strong break out to the upside price is not moving,price may again turned to be bearish from this level.
Previously after breaking trend line price is not retested to that level.
May price want to test this level of support again(655-660).
JSWsteel_10May2023Chart for self analysis. Comment your views and after 5 comments. I will sharey view in comments.
INTRADAY IDEA ON 26-04-2023in JSWSTEEL we will take a long and short trade,this content is made for learning and educational purposes only.
JSWSTEELConfluence:
=Rejection from order block
=About to break market structure
=Imbalance market space
Short @ 712.10
Stop loss @ 0.50%
Target @ 1%
Disclaimer
ONLY FOR EDUCATIONAL PURPOSE.
JSW STEEL SELL SIDE OPPORTUNITIEJSW STEEL shows resistance at 720 level. Here is high probability to move towards downward side upto 690 to 680 levels.
JSWSTEEL - Bullish Consolidation BreakoutNSE: JSWSTEEL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
