Jsw steelForming good base at bottom with good volumes on last 2 days
Do your own analysis before taking a trade..
JSWSTEEL trade ideas
i think jsw steel is set for longI can see that JSW chart is ready for long call in next few days.i am beginner i am not fully sure about this call but in my perspective,its all set for a long run. Because, candles are near to a demand zone and there will be a strong demand from that level. Moreover, the chart of this stock has already seen downfall. So,that is my reason behind this call.
JSW Steel Long with SL 689Completion of Correction wave in JSW Steel .... Below 689 Invalidation ....
Bearish on JSWSTEELDouble top pattern on the day chart. Also, lower lows, which means downtrend. Broke all lows on 15 mins. SL can be placed at 723.30
Inverse flag pattern in Jswsteeljswsteel view for 20th Feb
Inverse flag pattern in Jswsteel
Please follow strict risk reward and stop loss..
Charts for Educational purposes only.
Thanks,
V Trade Point
JSW STEEL IN A CHANNEL As seen,in the chart JSW STEEL is in a Bearish Channel in daily timeframe and in hourly timeframe it is forming a Symmetrical triangle chart pattern.We can plan a trade after the breakdown of channel. And Jsw Steel is coming down by taking resistance from its all time High.So it can be good trade after the breakdown and also there is also a possibility of going to upwards again to it's Upwards Channel resistance. If it gives the breakdown then our stoploss can be the high of breakdown candle and you can decide your traget as you want. Safe traders can enter after the retest.
DISCLAIMER: I am not SEBI registered it is only for educational purposes. Any risk involved in it is your responsibility.
Going long with JSWSTEELTrade plan Bias Long @ 731.95
SL 686.300
TP 785.55
Prediction: Based on multiple confluences shows bullish until the major resistance. Then the reversal is expected.
JSWSTEELJswsteel broke out of descending channel on 30 min TF with good volumes.
Could be bought with mnetioned stoploss & target.
JSW Steel, 16th Jan Price is trading at a wide range. Good buy above 755 after retest for a target of 767 & a good sell below 751 for target of 737 & 727. Trade wisely at your own risk,
Good luck, Jai Hind 🇮🇳.
Jsw Steel at All Time HighJsw Steel is on its all time high and at there is a very strong resistance and it can give breakout in next 1-3 days if it breaks it's resistance then it can be a good buying trade the SL be low of breakout candle. And the traget can be 1000 RS because every round price area is a psychological resistance so 1000 rs is a good Target.
Disclaimer: We are not SEBI registered.It is only for educational purposes.Any risk involved in it is your responsibility.
JSW Steel :soon to breakout candidateJSW steel is a soon-to-give breakout candidate. Keep it on your radar!!!!
JSW STEEL:- EXPECTED TO CONTINUE UPTREND JSW STEEL:- EXPECTED TO CONTINUE UPTREND.
Market is currently trading in an up trend on 4H time frame.
And recently market has taken support from its higher low.
Market is expected to test the level of 780 per share.
JSW Steel: Bullish HaramiWe can buy if open around @750 level
with SL @735 and target @765
Disclaimer - This post is only for educational purpose and do not treat it as a trading recommendation.
we are long in jswsteel we are long in jsw steel till daily candle close above 736 we will se good up move soon
Positional Long setup for JSWSTEELThe chart pattern its showing bullish momentum in price action. after the breakout, it can give a good risk: reward ratio.
Entry price:- above @772
Stop loss:- @753
Target:- 1:1 or 1:2
JSWSTEELNSE:JSWSTEEL
WAIT FOR PROPER BO OR RETEST
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
#JSWSTEEL #SAIL #NATIONALUM #TATASTEEL #HINDALCO #TATASTLLP #OIL#JSWSTEEL
NSE: JSWSTEEL
CMP: 764
TP: 950
SL: 680
TF: <6m
RR > ~2 times
Return > 23%
JSWSTEEL JINDALSTEL SAIL NATIONALUM TATASTEEL HINDALCO TATASTLLP JINDALSAW JSL JSLHISAR JINDWORLD JINDRILL JINDALPHOT JINDALPOLY VEDL
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
#JSW STEELJSW STEEL monthly trendline breakout with good volumes with target of 790,956 and sl of 700.
JSWSTEEL - Long view Once can buy JSWSTEEL above 769.30 for a price Target of 845++ with a Stop Loss of below 719. Once prices move above 790 levels the stock could give a new breakout. We also have RSI at around 64 and the prices trading above all important EMA which could support the movement of the prices. Today the stock moved up 4.47% with a volume of 49,92,699.00.
JSWSTEEL is trading at a P/E ratio of 8.5 compared to the sector P/E ratio of 13 makes it an attractive pick.
The views presented are of the author and do not represent a trade. Kindly consult your financial advisor before investing.
JSW Steel Ltd Double Bottom BreakoutThe idea here is about JSW Steel Ltd:
JSW Steel Ltd. is a holding company, which engages in the production, distribution, and trade of iron and steel products. It offers hot rolled and cold rolled coils and sheets; galvanized coils and corrugated sheets; galvalume products; steel doors; and light steel building solutions.
My view is short term Bullish for the below observed technical factors.
Points as per TA observed on a daily Chart:
1. Broken out of Double Bottom pattern as per below:
2. Broken Out of Contracting Triangle on a daily chart on 27th Oct 2022 as per below:
3. Bearish Navarro 200 Harmonic Pattern observed on a daily chart & Price may retest 678.05 ( Swing B of Bearish Navarro 200) as per below:
4. Trading above 20 & 200 EMA on a weekly & daily chart.
5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is a strong upward momentum & weekly is Neutral at the time of publishing.
6. RSI is at 61.77 on a Daily Chart and 56.03 on weekly chart at the time of publishing.
7. MACD above signal line on weekly & daily chart.
8. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. Other averages are strong buy on daily, weekly & Monthly.
9. ADX ( Average directional index ) trend strength is at 18.30 on a daily & 7.45 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend.
10. No divergence observed.
Projected Target with %: Double bottom & contracting triangle provided in the chart. However, would recommend for retest to be completed.
Stop Loss: provided in chart.
Wait for retest confirmation on daily chart for double bottom.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So
Please do your own DD (Due Diligence) before any kind of investment”.
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