In today's trading session JSWSTEEL gives breakout of its previous resistance. Also, RSI indicating bullish divergence in stock. According to Fibonacci retracement level minimum target expected in JSWSTEEL is 474+ in the upcoming trading session.
Price took support at trendline and RSI made hidden divergence and trading above 40 levels.
Disc: Not a trading recommendation. Educational purpose only.
Low Risk Setup available in Valiant Organics for Positional trade.
Refer Chart for targets & duration.
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In weekly time frame after making a Bullish Hidden Divergence near an Ichimoku Kumo it has now activated a Bullish C Clamp. It has strong support near 3600 with minor resistance at 3900. Probable upside for 4600 and then 5100. View negates below 3500
SO AS PER MY ANALYSIS IN THIS STOCK THERE IS BEST SWING SETUP IS FORMING..AND SIGNAL IS BULLISH FOR SHORT TERM...
ALSO FOUND INTERMEDIATE POSITIVE HIDDEN DIVERGANCE IN DAILY CHART......
CAN PROVE LUCKY FOR NEXT WEEKS...
NIFTY: Daily price action has created a resistance on the chart. Now 12015 (spot) levels will be acting as resistance. The dominant trend is up, the prices are trending above the kumo indicating strength. Momentum has slowed a bit, however it is expected to pick up in the coming sessions if 11820 holds on closing basis. Below 11820 Nifty may drift down 11560...
