JSW STEEL -- INTRADAY SETUP - 22/04/2022JSW STEEL -- INTRADAY SETUP - 15 MIN CHART -- 22/04/2022
1. at 15 min chart stock trading at at oversold level from there max possibilities bounce from 730 level
2. stock cmp 734 level 737 short term resistance at trendline , buy above 737 for trend confirmation upside
3. trendline breakout also can be seen above 737 level
4. Daily chart pattern is higher high .
5. RSI at mid range DAILY CHART 54 level
6. Stock currently trading above SMA 20,50,100,200 daily chart.
BUY JSW STEEL above 737
TARGET 745-750+
stop loss 725
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Do own analysis
** TRADE AT OWN RISK !
HAPPY TRADING. !!
Jsw
JSW Steel (Detailed Weekly Analysis)JSW Steel (Weekly):
1. As Nifty Metal has given Breakout on Weekly charts, JSW Steel (which constitutes to be almost 14% of Nifty Metal) has also given a Flag and Pole Breakout.
2. Stock has given breakout after almost 300 days
3. Upper Bollinger Band on Weekly Charts is challenged
4. Also there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Note:
1. The above analysis is for educational purpose
JSW Steel Pattern Breakout (Bullish)> We can Buy If Price Sustain Above 700
> 1st TGT is 780
> SL If candle closes below 665 (Only after We entered above 700 with Confirmation)
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
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Simple Trade Setup | JSWSTEEL | 18-10-2021 [INTRADAY]NSE:JSWSTEEL
Observations:
1) On 1 day time frame, it just closed below 50DMA. 50DMA is placed at 693.46 level.
Also we can see that critical resistance at 700 level.
And as per OI data, major call writing is at 700 level.
Sustainable breakout of the same will lead to short covering and can give good bullish upmove.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
JSW Steel - About to breakout of 52W/All-Time highJSW Steel was making higher highs and higher lows for a few weeks, and has been in a consolidation phase, forming an ascending triangle pattern.
It has shown a minor break out of the resistance, and now if it follows through, it can soon cross the 52W high for levels of 810 and 894 respectively.
The technicals are also giving a bullish bias for the stock.
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