JSW STEEL LTDLong
Analysis of JSW STEEL
Updated
CHART ANALYSIS OF JSW STEEL
Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels
• ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels.
• MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target -
725
736
771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.
Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels
• ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels.
• MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target -
725
736
771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.
Trade closed: stop reached
Stop LOSS hit..Trade closed: target reached
1st Target Achieved...!!!!!Trade closed: target reached
2nd Target achieved!!!!!!!!!
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