Averoy_Apoorv_Analysis

⭐ JSWSTEEL | Monday possible setup

Long
NSE:JSWSTEEL   JSW STEEL LTD
🔰 MY thought process :
⭐ Making an amazing descending triangle pattern after a really big move, a break of this trendline on 30mins/15mins = a possible good trade
⭐Plan: we want a break of 706 LVL with power and volume = a breakout of the setup = our trade gets activated :)
⭐Plan: Then we wait and do nothing :) that's the best way to earn money tbh :), people who start thinking what will happen exits the trade on a red candle which makes their trading career worse so just have faith in your RR management and keep an SL below that candle that's our small risk and targets are - 1)730 and if u wanna hold it than 760 are good ones :)

🔰Am I taking this trade: I might if I find it as planned :)

🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.

<<<<<<Thank You Have a Nice Trading Day>>>>>>

Comments

Have you posted about ITC?
+2 Reply
@rajeshe687, Yep I have posted about ITC but I will again as the structure seems promising on D charts :)
Reply
Bro in this setup only after breakout with buy candle we can entry right ?
+1 Reply
@dhananjeyan94, yep you are right, a power candle should be there, if gap if is there than u can wait for 15mins to see what happens and trade as per your risk system :)
Reply
Requesting one on LT or DLF, whichever could give a good trade.
+1 Reply
@Raahuls, sure :) lemme check , as far as i rem, i posted LT analysis some posts ago :) u can see that if u want it was positional basis tgt1 achieved moving for tgt2
Reply
Yes, I have gone through the earlier post. We are currently trading in the middle. Is it good to enter in this at CMP
+1 Reply
@Raahuls, in LT ? or JSW?
Reply
@Raahuls, well I would say according to my analysis, in both LT and DLF, entries far behind now, intraday setups can be made tho but positionally speaking a lot of risk is there now to enter, but both the stocks have retraced more than 50% from there near high = bullish , so i would say wait a bit if u wanna trade these stocks else there are tons more to go :)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter