JSWSTEEL
#TataSteel - A cup & Triangle story#TataSteel @ 346 | TGT: 374 | SL 330
- Usually, 'Cup' is always with a 'Handle' but here the story is with another pattern i.e. 'Cup & Triangle'
- Watch for chart story
#Nifty #Nifty50 #banknifty #steel #NiftyBank
JSW STEEL Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
JSW STEEL head and shoulder patternJSW STEEL forming head and shoulder pattern after an up trend and can give a downside opportunity.
TRADE THE TREND AT JSWSTEELTrade with the trend here at jswsteel. Place your targets and stop losses according to support and resistance lines drawn.
JSW STEEL AnalysisDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
JSW STELL LTD_Long (positional)JSW is trading near the resistance, once it breached green line then it can see 208 & 220 level in upcoming days.
JSWSTEEL: GO LONG!!!!These is an intraday trade. so according to price action take the trade. Still, if you are confused msg me.
Stock Analysis of JSW Steel.JSW STEEL – CMP - ₹198.40 Dt. – 13-07-2020
In 4 hour, chart the stock has made a higher high and higher low pattern. Buying has increased and CCI is in the overbought zone and the price is above 50DEMA in daily chart as well. Estimated return is 8-10% if purchased around ₹200. If the stock broke the upper trendline with good volume then it can give a very good return in the short term.
The metal industry depends on global cues so keep an eye on the news as well.
13 JULY INTRADAY @ JSWSTEELA very good opportunity at jswsteel. Check for nifty trend before investing.
This is for educational purposes, invest at your own risk.
JSW Steel: Channel tradeJSW Steel
CMP 187
- trading near Channel support
- if broken then next support at 178-175 zone & major support 168-166 zone
- resistance at 196 / 202 / 208
Given the set up one may consider selling 170 Put option between 5-5.5 ( CMP at 5.20)
Lot size 2700
Max profit potential Rs 13500 - Rs 14850/-
Yield potential 10% - 11% on capital
Loss if JSW steel closes below 165-164.50 on 30 July
Take care & safe trading...!!!
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BUY JSWSTEEL 192.70 , target 194.50/196/198 , stoploss 191.30BUY JSWSTEEL 192.70 , target 194.50/196/198 , stoploss 191.80
JSW SteelThe stock has attempted a breakout from 185 zones 3 times and has reached a stable point, with the good performance of the metal sector, JSW is a long opportunity with a good breakout towards 203.
JSW Steel LongThe set up looks good, with Fib retracement, showing a good RR. SL at 185 and Target at 215
JSWSTEELJSWSTEEL Break Rectangle Pattern Resistance in daily chart. So you can take Long Trade In JSWSTEEL
Entry Price: 204
Stop loss:201.60
Target:207 & 215
JSW Steel - Bearish Setup - Price ActionJSW Steel is stood at a very crucial support, price action however, suggests it would be broken sooner or later.
Those holding longs should exit and those who want to go short, should either wait for a bounce (See projected Blue line) or should short when the price breaks below the horizontal support line. Once the support line is decisively breached, JSW Steel can go down to the level of 165.
JSWSTEEL on bullish modeOn Daily chart of JSWSTEEL we can clearly seen the formation of Tripple bottom pattern. From the above 190 level stock can be taken for long entry for the target levels as shown in the chart. Stock has broken the zone of 180 and trading above that range. So kindly add the stock in your watch list & check the levels.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow for more educational ideas.
Make friends with each candlestick try to identify the language of candles.
Bullish view on JSWSTEELStrong rejection is seen from 189 level indicating resistance at the upper range of consolidation. Also the chart pattern under formation is Rectangle.
Rectangle is a continuation pattern so the positions can be initiated once price breaks and sustains above 189.
Target after breakout will be 204 and 216. Stoploss can be maintained below 162
