JSW STEEL -- INTRADAY SETUP - 22/04/2022

JSW STEEL -- INTRADAY SETUP - 15 MIN CHART -- 22/04/2022

1. at 15 min chart stock trading at at oversold level from there max possibilities bounce from 730 level

2. stock cmp 734 level 737 short term resistance at trendline , buy above 737 for trend confirmation upside

3. trendline breakout also can be seen above 737 level

4. Daily chart pattern is higher high .

5. RSI at mid range DAILY CHART 54 level

6. Stock currently trading above SMA 20,50,100,200 daily chart.


BUY JSW STEEL above 737

TARGET 745-750+

stop loss 725


** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Do own analysis
** TRADE AT OWN RISK !


HAPPY TRADING. !!

Comment:

since at opening look like gap down more then 100-150 points. initiated BUY only if stock cross above 737 level otherwise no trade. !!

9.5 am --22/04/2022

Comment:

no trade initiated today till now stock not cross above buy line . !! 12.20 pm - 22/04/2022