In day timeframe it break the resistance of 645 and make it support of now. . Now it behave like retracement .
Weekly timeframe it's bullish.
If we have any entry at 645 then Stop loss will be between 624-609 ,
Maximum volume will be at 609. it's a golden zone .
Entry position : At first let break 720 level with good volume and our entry will be next day...
Break out Seen on monthly time frame on JSW Steel . The stock is going to make a new trend and thus provide us an opportunity to be a part of it. With a SL of Rs. 780 , the stock may hike to a level of Rs. 937 and above as shown in the chart.
The above study is not a tip to buy or sell the stock . It is the trend analysis of the stock.
Good Luck !!!
On the daily chart of JSW Steel, a strong breakout above the multiple time-tested resistance zone can be observed. Following the breakout, the price retraced back to the flip zone and found support before heading up towards the next high. This presents a potentially lucrative swing trading opportunity in JSW Steel.
To enter this trade, a long position can be...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Inverted Hut/Roof
📌 Symbol/Asset: JSW Steel
🔍 Description:
Bullish Inverted Hut/Roof pattern in the making in JSW Steel with a success rate of 72%
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks...
JSW ENERGY --DAILY CHART --SWING TRADE SETUP
1. JSW ENERGY Bullish technical indicators on Daily Chart setup
2. support form around 210 sub level after strong pullback towards 280 sub level, recently stock correct 245 sub level which is 50% around Fibonacci retrenchment from recent top 280.
3. support level 245 retest at cmp which is good entry level for...
JSW ENERGY --DAILY CHART SETUP --POSITIONAL
1. Jsw energy seen on daily chart setup retest previous lower channnel breakout level around 250-255
2. currently stock trading above 21, 44, 50, 200 HMA
3. one can initiate Buy around 250-255 for current level target 270-280-300 positional (1-3 ) Month stop loss 220 bellow strong support line
4. CCI at above...
The support which was tested multiple times has finally broken,
Entry
we can wait for the breakdown and retest then take a SHORT entry.
Target
Target will be the next support zone.
Stoploss
Above the breakdown candle high.
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5 ema cross 13 ema
8 ema cross 13 ema
weekly monthly rsi greater than 60
daily rsi greater than 40
a good candidate buy for short term 5% up
educational purpuse only
Stock has given a good volume breakout after consolidating for almost 15 trading sessions. We can considering entering in this sock with 10% of the budget and rest on the confirmation of the trend and Stop loss will be the previous swing.
We can also wait for the initial retracements for entry using Fibonacci levels.
DO COMMENT IN CASE OF ANY CONFUSION
JSW STEEL --15 MIN CHART --INTRADAY SETUP --21/11/2022
1. JSW STEEL on 15 min chart seen double bottom support formation at 700 odd level
2. Trendline breakout seen on 15 min chart at last closing hiekin ashi candle
3. stock seen upper channel currently where support of channel form at 705 level and resistance 715 -720 level , same as take as intraday...
JSW energy is near to its breakout zone so we can plan a short time trading in it.
UPSIDE targets are 347, 354, and 370.
Downside targets once the lower trendline breakdown then 300 to 280 we can see in downside.
JSW ENERGY ---- POSITIONAL -----DAILY CHART
1. Lower channel bottom formation support seen around 180 level
2. possible consolidation level 185-200
3. last candle is doji candle possible trend reversal .
4. up trend or trend reversal can confirm after daily candle close above 212
5. stop loss can place bellow 180 level at 175
6. positional target...
JSW ENERGY -- HOURLY CHART -- INTRADAY SETUP --27/06/2022
1. trendline breakout seen at hourly chart, last hourly candle is trendline breakout candle.
2. stock seen above 44 SMA, above adaptive moving avg, above 200 hull moving avg.
3. Stock seen trading at upper channal on hourly chart, currently taken lower support at channel
4. RSI on daily chart move...
