msubhashish14

jsw steel W pattern

Long
msubhashish14 Updated   
NSE:JSWSTEEL   JSW STEEL LTD
A Perfect "W" pattern on 1 day time frame & neckline is at 738 if breaks then 764 target can be seen in coming days then to 747.
Trade active:
A Upward Parallel Channel on 15minute time frame channel above buy and below sell 10 points target both sides and channel border line as stoploss
Trade active:
stock falling from past couple of days so trade setup for 12/5/2023 is 705 below 15min candle closes then sell 703.30 1st tgt and if falls further 700-695 level can be seen,sell on rise scenario gap up avoid,-less chance.gap down high probability of fall but wait for a upmove the sell on a negative candle 3-5 point target can be seen.
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Trend on bigger time frame is negative, so trade setup for tomorrow is 693 below 5min candle closes sell for 3 points & if falls further then trail,buying only above 698 on 15 min candle closing basis for 703 tgt.
Trade active:
746.05 a support so can initiate a buy if price on 15min timeframe takes support.
750 below sell 746 target. BUY above 756 for 764 target.
if price stays in between
764 a resistance zone if got red candle getting price rejection there near 764 then can sell for 760-754tgt.
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price moving up in parallel upside channel on 15 min time frame so trade according to the channel if channel low breaks sell if takes support buy, if goes up hits resistance or mid line then can sell for 2 points and if breaks n goes up let it go.
Trade active:
price can continue the upside momentum if sustains above 796 for 15mins then 800 target then 803.20.
if breaks support candle low 791 then 788.45 can be seen then another 2 points fall.
but a high wick rejection can be observed.
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negative scenario & can fall a little more
759 above 762.40 target level
753 below sell 751.15 if goes below it then 745.95-748.45 a zone where price can take rejection/support
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773 above 774.10-775.90=1st target then 777 level can be seen
770 below 766.65 target level if falls then another 3 points can be seen
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low volume and a doji candle formed but what can we expect a reversal or continuation downside;
773 breaks 771 a hurdle then 769.50
780 above 782.60-784.85 tgt level can be seen
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price at good point if breaks 788 then 785.70-785-1st hurdle then 784.40 next stop
792.65 above 794-796 target.
mark these zone & trade on level break.
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negative scenario can fall a little if pattern is to confirm then can test 730 level as it is a support and 737-736.80 a resistance price can stay in between
NOTE: a inverted pole & flag pattern can form if breaks 730/726 level but a little up then fall for pattern confirmation or
"if double bottom then small retracement then continue up move"
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price retested & going up 753 below 751-749.60tgt
758 above 761.40-762 tgt level
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can see a upside momentum a little till 780 level
774 below 772.25-771.20 tgt level &
if breaks 777.50 then 779.70-78.40 tgt level can be seen.
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771 above 774.30-776 tgt level can be seen
767 below 765.50-764.85 tgt level then 763.40-762 tgt level or trail as per risk reward
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price can continue the momentum but on hourly basis a retracement is needed
794.50 above 797 tgt level can be seen then trail and
789.60 below 786.15-785.25 tgt level can be seen
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price is going up & can claim back 840 level if any day closing comes above 828
for Monday 812.60 above 815 immediate tgt level can be seen then trail as per risk reward; 808 below 805 tgt level can be seen then trail if falls further.
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if price comes below 820/819 then 817-815.15 tgt level can be seen;
824 above 826-826.60 tgt level can be seen then if sustains 829 level can also get touched.
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822.15 below weak scenario 819 tgt level can be seen & if sustains above 826.60 then 829.10-830.02 tgt level can be seen
NOTE: IF price trades in between (820-815) level then it can take support & move up or break it and fall further so be cautious at this level. a up move may be seen in 2nd half if opens flat & doesn't break 815 level.
Trade active:
price is a little bit positive so if price sustains above 857.70 then 859.30-862.90 tgt level can be seen; or trail as per risk reward.
845.75 below a sell trade will get active and it can be of 5 points or more but at times a small up move will come.
Trade active:
price touched a new high & retracement done & price moving in formation of higher low & higher high so if price goes below trendline at bottom i.e. 844 then 841.50-840 tgt level can be seen if sustains below it then 838 level can be seen too
if price sustains above 852 then 855-859 tgt level can be seen or more up move in coming days can be seen.
Trade active:
price is positive & touching new high but on 15min time frame price in a parallel channel & near high it can touch or can respect double top & fall 3points of channel 875 a high= 862.20 a mid= 848.80-850 a low
price if goes up then 875 can get tested if falls from previous day low then mid level breaks sell till low or trail on every 2 points if price goes near low of channel i.e. 850 level can buy very small SL of 848 if sl hit & candle closes below sell for 840 level in a day or two.
Trade active:
price retracement done & slowly moving up due to global metal sector move/demand so if 861.55 above sustains then 865.50 tgt level can be seen then 867.10 next tgt
if price goes below 855 then 851.20-850 tgt level can be seen.
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price can go again to reclaim 52week high level mark 858 above 860-863.75 level can be seen if goes up further trail
851.50 below 847.80-846.90 tgt level can be seen.
Trade active:
price can do 2 things;
1: A pull back & then continue upside
2:A Sideways to fall.
872 breaks then 870-868.50 tgt level can be seen it is support & golden ratio zone too if breaks then fall if takes support can go up, if gap up opens then can continue upside momentum but with hiccups
878.45 above 15min candle sustains then can move up to another 3-4 points or if more up goes trail as per risk reward
Trade active:
price took retracement today & sustained but price is holding the upside momentum so 884 above 888-895.50 tgt level can be seen or more if sustains above it then trail as per risk reward.
874 below 872-870.35/869.45 tgt level can be seen.
Trade active:
price formed a big red candle & it can continue but there's a point where price can reach to form support 820 is that point.
836 below 15min candle closes then sell [but if price forms 8-12points then wait for 30mins & trade on 1st candle high/low break &
safe traders can avoid.
841 above 845-850 tgt level can be seen.
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price can come down a little to 815 or more but a up move is needed as points wise SL is big so if breaks 820 then 815-812 tgt level can be seen
if price sustains above 824 & 15min candle closing comes above it then 826.70-828.20tgt level can be seen.
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price can come a little down to completely form a pattern till 824 then reverse if gap up & goes up let it sustain above 832 for buying for 3-4 points
824 below 820 immediate target can be seen
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indecisive candle formed this can be marked as reversal as price was falling so this candle formed today on daily time frame has a significance of reversal so price can go up from here;
830 below price can touch 826.55 immediately & 840 above 844.90 tgt level can be seen.
818.60-820 a support zone & 836.70-839 a resistance= as per spinning candle formed today. price will pause a little then a negative candle then can go up.
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808 a support if breaks then fall till 802/800 level can be seen if price takes support from 808 level or 804 then can buy for 5-8 points tgt level can be seen.
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if price has to go up a small pull back then going up is expected but if straight goes up then it wont sustain the momentum; so 792.65 a support & 800 a immediate level support;
800 below 796.30 & price can reverse from here if reverses from flat open then will go for 5-7 points max
805.50 above 808-810.35 tgt level can be seen
Trade active:
price is weak & can fall further to test 780-770 levels too but a up move then fall for selling will sustain & can give big targets but if 1st 15min candle is big & of 8-10 points then mark its high & low when any side breaks take the trade. if 1st candle forms red & small then price can come down to test 785 level or 780, & 770 level can be seen if small candle forms. if gap up opens near 794 then wait for 30mins & trade on side price is upside levels are 800-804.15
Trade active:
840 below sell for 8-12 points & 847 above 5-8 points or can try if price sustains above 850 for same 5-8 points.
as price is little positive so will give a pull back then will move up.
Order cancelled:
side ways & volatile as till price trades in between 790-774/770 level as price is weak on bigger timeframe but mark a rectangular box with above mentioned levels & trade upon breaking, but let price sustain for 30mins the trade.
Trade active:
price tested golden ratio level & imbalace zone from here it can correct a little or can stay continue upside.so levels are 808.50 above 814.65-820 tgt level can be seen
797.80 below 792-790/787.75 tgt level can be seen. as pattern on 15-30mins is like double top so upon neck line break sell & upon head break buy.
Trade active:
firstly accept my apologies as per analysis price didn't reached the level,& formed a doji candle on 1day time frame so price can hover in a range or can go a little up.
so levels for 20/3/2024 are mark high & low of doji candle i.e. 810 high & 793 low
804-792.30=no trade zone trade on side price breaks.
Trade active:
Price can move up further to touch 52week high level but the hurdles at top & at immediate level so price pull back can be seen, if price takes rejection from 884 level or 885.85 level then price can come down to 880 level then to 876.45 level.
for buying if price sustains above 882 upon flat open then 884.70-887.50 tgt level can be seen.
874 below price goes 871.70-868.50 tgt can be seen.
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Price is a bit strong & so if flat open 880 cross then 5-7 points tgt can be seen, if sustains above 890 then can even touch 895 level too.
if 870 below price trades then 4-5 points sell tgt wait for 867 break on flat open for 4-5 points, or if price takes rejection from 885/882 level then can sell for 4 points.
Trade active:
Price is weak & formed a "M" on day chart with a full red candle with strength if any news comes then price can move up or else scenario & price action says price can fall & very little chance of sideways.
so levels for 18/4/2024 if price goes below 843 then sell for 835-833 level & trail if price goes more down.
for buying let price sustain above 853.40 for 860.10-863.25 tgt level.
trail if tgt levels meet early & trail as per your risk reward.
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