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JSWSTEEL

JSW Steel | Trade PlanJSW Steel has been trading on inside a rising channel from July 2017 to November 2018. The channel had a breakdown when price broke down below 330 in last week of November 2018. Post the breakdown the stock corrected to 260 before forming a continuation bear flag. The bear flag had a breakdown in May 2019 but stock seems to be trading in a band between 252 to 300. Though the bear flag suggests a deep target of about 130 levels, a point to consider is the chart used for analysis is weekly charts (longer time frame) and JSW steel is a commodity company where the business is cyclical in nature. Trade Plan Long (at support) at 252 with a stop at 245 for a target of 276. Short Below (support breakdown) 245 with a stop at 255 for a target of 202. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:JSWSTEELEducation
by AkhilSuryaFS
You can figure out what is going on JSWSTEEL with carefully.You should always have a plan in case the opposite happens since it will happen often. High 3 (this can is attracting buyers/scalpers/chartist attention) -> High of the candle is higher than H2, and H2 is higher than H1. Volume is on average as normal. The trading range is tight and high trading activities and price rotation found. We have found a similar candle of H3. Scalper targets might be near 309 and swim traders can think for 318.5-320 The concluded : that 80% by 20% chance to move 309 and 318.5. I'd like to give a special thank-you to @kavibharath252 who made fundamental research on JSWSTEEL and Technical Triangle on it.
NSE:JSWSTEELLong
by Trade-Technique
39
NIFTY METAL : METAL BARONS HAVING TOUGH RESISTANCE GOING AHEAD2 years ago in Feb 2016 , Nifty and Nifty Metal did bottom out together after that a year later, in Jan 2018 Nifty and Nifty Metal both made a top as well. Since then Nifty Metal is underperforming compared to nifty, while nifty climbing back to new highs, Nifty metal is just started advancing month ago. Current rally in metal index is showing strength but need to be cautious buying this rally. As Nifty Approaching New life high's and We are heading to Elections so Volatility will be there but I have No Doubt About Election Result, Not Expecting any volatility in Results, Mr Modi Kaka is Going to Win For sure. We Will again have clear majority and strong Government in Centre. But Sometimes as bad news are buying opportunity, Good News are profit booking opportunity. So 2nd term of BJP will be Good news & may result in profit booking ? This is just my view, do comment what you think about it. Let's get back to Metal, My View is When we will have corrective waves in boarder markets, Nifty Metal will be no exception, so the view is to keep a eye on Metal Barons and not to miss a short opportunity, if there is any in future. Only Condition is, It has to respect resistance drawn on chart above and in Stocks drawn below. If you check METAL BAROONS all are almost approaching it's tough resistance along with NIFTY METAL. Let's take a look at them individually. 1) COALINDIA 2) HINDALCO 3) HINDZING - OUTPERFORMING. 4) JINDALSTEL 5) JSWSTEEL - Waiting for Bearish Flag to get formed. 6) NALCO 7) NMDC LTD 8) SAIL - Awaiting H&S Breakout 9) TATASTEEL 10) VEDL I took Heavyweight Stocks all are S&P BSE METAL Index Constituents and skipping HINDCOPPER, MOIL, WELCORP, JINDAL STAINLESS (H) LTD, APL APOLLO TUBES LTD. This are non F&O stock Can't Short it. Above post is just for preparing for a opportunity when corrective wave starts, Many from the above will be good short candidates. There is buy opportunity in Sail, Nmdc, Tatasteel, HindZinc. I will post if it meets 1: 4 Risk to Reward, if Suitable RR is not there I will just wait for shorting at Resistance levels. Everything depends on how market unfolds in future, Market is supreme not my View. All Levels - support - resistance all are meant to be broken. It is better to be prepared for an opportunity and not have one than to have an opportunity and not be prepared. -Les Brown Do let me know in comments, if I am missing anything to this view or what you think about this opportunity or any contrarian view on this I would love to hear that. Thank you !
NSE:CNXMETALShort
by Equity-Earningz