JSW Steel channel consolidation breakout bullrun

May 19

JSW steel has good move pending on higher levels. above 920 it can break the channel patten. Mostly bullish upmove possible. 760 is major support range below the channel breakdown it can give good fall till 400 which is more unrealistic. Expecting bull run in this stock. Jindal steel already given. JSW steel has pending move. Focus. Although this flag patten is slightly bearish pattern but now a days these pattern upper side breakout give rocket move too.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.


DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

May 24

Note

Above 950 it will give good move. May be can consider after elections.

May 26

Note

Also cup & handle pattern formation too. Straight target will be 1000.

May 28

Note

Let it cross 915 for further powerful upmove.

May 29

Note

Rounding cup pattern breakout then it failed multiple times now sustaining above W pattern. Will give big move.

Jun 12

Note

Getting ready for the huge move. 915 to 950 then 1000 1100 very soon.

Jun 16

Note

This pattern rarely fails. sooner or later 1000 loading.

Jun 19

Note

consider every dip as buying opportunity in this counter.

Jun 20

Note

Breaking out.

Jun 21

Trade active

Breakout done in day candle. It's ready for big upmove now.

Jun 25

Note

Consolidation on higher levels. Still active.

Jun 27

Note

On the go. Focus. Full active

Jun 28

Note

JSWsteel strong breakout of orthodox cup & handle in main pic plus see the below. 2 slanting cups. Keep in radar. Full Active trade with 914 SL

Jul 2

Note

need one candle sloce above 949 now. for further move.

Jul 3

Note

Closed above 950 first time. tomorrow might be a day.

Jul 6

Note

Weekly candle holding above the breakout. Which is good sign.

Jul 8

Note

Day candle is still on the trendline.

Jul 27

Note

Reclaiming 900 levels again.

Aug 23

Note

ready again. keep in radar for sept series. Good price action building.

Sep 15

Note

955 and above closing will be again good for this stock.

Sep 24

Trade active

JSWSTEEL again in action. Keep an eye.

Oct 5

Note

JSWsteel all initial targets done. now above 1060 next will be 1150 1240 1370 1540.......

Dec 7

Note

Great bullish pattern. short term target intact.