JSWSTEEL
JSW STEEL - Near Profit booking zone at monthly time frameJSW STEEL - Market is approaching Profit booking zone after taken support from Ascending Triangle pattern resistance
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Jswsteel..Parallel channel breakout & Retest at support level🎯-----------------------🙏🙏NAMASKAR 🙏🙏-----------------------------
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⭕ Day Trading opportunity ! min Chart Alert !!! ⭕
--Bought above =358 or CMP
--Target = 385
--Stop-loss =352
--Lot Size = 2700
--R:R = 4.36
--Expected Profit = 72,000 ₹ per lot ( 7.47 % )
--Expected Holding = 5-15 day only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) bearish parallel channel breakout
2) after breakout , retracement happened at support zone
3) perfect area to buy
4) steel sector is performing good with huge volumes
Guys check out the related ideas as well, it worked really well GUARANTEED !
🙏FOLLOW for more !
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✍COMMENT Below your view !
JSWsteel | Tredine Break with bullish candle || 30 min NSE:JSWSTEEL
Swing Trading opportunity ! 30min Chart Alert !!!
--Buy above =364
--Target = 373
--Stop-loss = 360
--Lot Size = 2700
--R:R = 2.22
--Expected Profit = 24,000 ₹ per lot (2.47 % )
Technical Reasons to trade :- 🧢
1) jswsteel break the trendline with volume
2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern
3) Uptrend Is continuing and Trendline break
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will worked really well !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Stock Analysis of JSW Steel.Price - ₹309.35 Dt. - 03-11-2020
Price faced resistance at ₹328 before 2 weeks and today the stock took the support at ₹304. 21DEMA is placed right below the support line. It looks like the stock is ready to move above till resistance line giving the profit of around 6-8% profit. If starts moving downward it can go up to 50DEMA. RSI is neutral.