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JSW STEEL LTDJSW STEEL LTDJSW STEEL LTD

JSW STEEL LTD

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JSWSTEEL trade ideas

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.
NSE:JSWSTEELLong
by imrahulshah2
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.
NSE:JSWSTEELLong
by BrahmaBull31