JSWSTEEL Analysis for IntradaySee the chart for levels and targets. Watch the candles for breakout.
Trade with stopless.
JSWSTEEL
Are we suprorised with the correction in JSW Steel?It was clearly overbought. Still, fundamentally a great company. Could be an option to accumulate at the bottoms.
JSW STEEL - Ascending triangle bullish breakoutNote: This is for educational purpose only. Do not trade F&O based on this analysis.
There seems to be a bullish breakout after tight build up near resistance for 42 days. This signifies that bullish pressure is more and hence, the price did not fall down. Moreover, breakout is is with high volume. RSI is at 69 which indicates bullish momentum but at the same time it is nearing overbought zone. Hence, there might be a slight pullback/ side ways movement before the next upmove.
Swing / Intraday SetupComing close to a very good level to enter for SWING or Intraday.
Wait for it to cross 295 and confirmation on 15 would be great entry for the target of 312/325 with minimal SL of 290. Keep on trailing your SL on every 5 points movement.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
JSWSTEEL : WHY ARE CONFUSING RETAILERSOn this chart I have placed ICHIMOKU to complicate viewers, just to let you know that these type of charts u would find on twitters but realiity is, its a simple chart but confused with putting ichuoku on it. this ichu has no meaning on it. My students know it very well
my view a small resistance of that line if breaks, expect strong up move.
my view only may be 100% wrong
JSW Steel looks to be in BuyZone with good Risk and RewardJSW Steel looks to be in BuyZone with good Risk and Reward
JSW Steel at resistance - ShortPrice reached the top as discussed in our previous charts. Now look for sell trade as the price reached the resistance levels. Go with small stoploss after confirming the reversal.
If you want to go long then let the price closes above the dotted line then think about going long.
JSWSTEEL Short I hope you can now see how JSWSTEEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
JSW Steel - go long above 288If breaks above IB (288)
Go long with SL at 285
Target open with 1:2 or 1:1
JSWSTEEL - hitting the pattern top & rejectingRejecting from the top, short.
Do not short if breakout.
INTRADAY JSWSTEEL SHORTThis is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline.
This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance that the market opens gap down and majority of the trade is already over.
Hence, only enter the trade if the price opens flat at yesterday's close level.
The stoploss is a little wide, due to the volatility, but risk can be reduced once the price moves lower in our favor.
The levels are explained on the chart.
2.685 M volume in JSWSTEEL i was BANNED for violating house rule so i am republishing again without any alteration
LIKE as it worked
JSWSTEEL - NEARING THE MOST IMPORTANT LEVELBuy above 296
Beware of FALSE BREAKOUT
This analysis is for educational purpose only
THANK YOU
HAVE A NICE DAY
JSW STEEL IS GOOD FOR BUYING ABOVE 296Metal has been doing exceptionally good. JSW Steel seems good buy candidate above 296 for the target of 313, 327.
