JSWSTEEL - ViewJSW steel is forming cup and handle form. Currently it is in the process of forming the cup (when the price reaches 731). It may form handle in case if it does not break out 731. If it forms handle, it may come to 710.
JSWSTEEL trade ideas
JSW STEEL*Breakout ke baad tata power lena hai* ( delivery ) hoga kyuki movement thoda slow hai
Short term target rahega 233.40
Long term
246 .20
Stoploss:221.95
Breakout pe notify karunga
Will probably go up.Most probably Heading to the top now. Think it might even be making a new High but the probability is definitely too low to consider now while taking into consideration the other Factors such Global Cues and other Seasonality analysis.
My strategy with this will probably risking 1% capital in Equity and 2%-3% writing Hedge in F&O.
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 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
Jsw Steel Today market has show a negative momentum.
And a gap down segment. But after analysis I think that tomorrow market can give a gap up opening. And if they give then we can go for a long position
mumentum tarde buy=673.30
target=700.00
stoploss=659.55
higher high,higher low fornation
mumentum trade with small stoploss
Metal Stocks to rally next Keep an eye on Metal stocks the Index brekout bound to happen .
JSW steel is breaking out with volumes :
NIFTY target 17500 , JSW targets as shown .
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Fundamental :
Revenue 20.3%
NetProfit 39.3%
OperatingProfit 27.2%
Strong Annual EPS Growth
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
FII / FPI or Institutions increasing their shareholding
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## F&O data suggests Short Covering today
## Positive Breakout Second Resistance ( LTP > R2)
## Stock with Low PE (PE < = 10)
## RSI indicating price strength
JSW STEEL Sell for intraday tradingJSW STEEL Sell for intraday trading if stock break the given support level then we will short the trade...........
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
JSW STEEL buy for intraday tradingJSW STEEL buy for intraday trading if stock break the given resistance zone........
JSWSTEEL SELL for intraday tradingJSWSTEEL SELL for intraday trading if stock break the given support level,......
JSWSTEEL sell for intraday tradingJSWSTEEL sell for intraday trading if stock break the given support level...........
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 Market has make a good pattern. If the market break resistance then we can do long position and if market break support then we can do short
#JSWSTEEL #FLAG #EW #Bearish JSW Steel 1D: Perfect candidate for sell on rise. Copy book Inv flag pattern. Even EW is triggered here. Sell around 575. Aggressive ones can sell 50% now and rest 50% between 575-580. In both the cases SL is 600 on closing basis. Tgt 8-10%.
