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Alltimehigh

Will JSWSTEEL break its ALL TIME HIGH & continue its uptrend1) Testing its ATH (All Time High) level. 2) Perfect 'v' formation @ important level (which is very very bullish indication) 3) 78.6% fibonacci extension level on WEEKLY timeframe coincides with ATH. As we know, breakout of 76.8% lvl of fib extension considered as continuation of the mail trend. 4) Concern : forming DOJI from last two days. 5) Relief : Even after forming 2 DOJI, momentum of the stock is intact. If it passes this level, it has ability to hold this level, take a breather & move ahead. 6) OI Analysis : People still holding their LONG positions from the recent rally. 7) Options Analysis (for Friday): 81k contracts added @ 340PE & 27k contracts removed @ 350CE (implies bullishness). PCR OI is slightly less 1 (implies indecisiveness) PCR Volume is 0.717 (implies bearishness) Being FRIDAY tomorrow, I dont expect much to happen will definately keep an eagle eye on this stock for my portfolio.
NSE:JSWSTEELLong
by akc_trading
JK PAPER - BREAKING ALL TIME HIGH (90 NEXT)It is been observed on the daily chart that the price action forms a descending triangle shape pattern which is counted under a flag pattern due to it size. It is also been observed that the price action is breaking out from 83.50 levels, which is ALL TIME HIGH LEVELS. Therefore, the price action indicates strong positive sentiments, where buyers have full dominance and control over price action. Now, it shall move further up in an uptrend. Target: 90 Stoploss: 77
BSE:JKPAPERLong
by NeeteshJain