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JSWSTEEL

JSW Steel breakout and retest is done. JSW steel has given a break out of the inverted head and shoulder and has also retest the neck line on the weekly charts. The stock has formed a resistance around 830-835 levels and once these levels are cleared it can given good targets. Positional and swing trades should be created only when the resistance zone is cleared on the weekly charts. Levels and targets are marked on the chart. Stock can also be purchase in cash for a longterm bet as the market are bullish and the stock can travel with the waves. Levels to watch Break out level :- 835 Support to accumulate stock :- 775-780 Watch for the weekly close as tomorrow it friday. The stock has given a fall for last three days and if it starts to run there will be a good opportunity as it is standing at 50 % fibonacci levels.
NSE:JSWSTEEL
by Mambotrade
3
Looking Good - On a way to New LTHHi All... Greetings! Today I'm sharing you JSW Steel Weekly Chart. it has been seen that JSW Steel has been continuously taking resistance from 773 levels. In last week of July 23 it finally gave a breakout and last 2 weeks of August it tested the same 773 level which will now work as a support. I'm hoping JSW Steel will keep on making new LTH now.... Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:JSWSTEELLong
by NikhilChoudhary2023
JSWSTEEL | Investment Pick📊 Details JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products. The company aims to expand its crude steel capacity from 18 MnTPA in FY20 to 45 MnTPA within the next decade. In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India. The company is the owner of single largest steel plant in India with a capacity of 12 MnTPA. Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:JSWSTEELLong
by Munish_Jain
JSW steel| 2 year resistance zone breakout with inverted H&S.JSW steel has been respecting a resistance zone around 780 levels from May 2021 and has finally given a break out. Is stock going to carry the bullish movement or break out is fake out?? The stock has given a close above the levels on the weekly time frame and at the same time the gravestone doji is creating a confusion of stock gaining some positive momentum. On the weekly charts, a clear inverted Head and shoulder pattern is there. It has been consolidating for last 3 weeks at the higher levels. A 'W' pattern is also there. But the RSI indicator is losing strength as there is a bearish divergence in the stock. The daily charts has respected the 20 ema and is consolidating in a box above the resistance zone. The stock is taking a halt at the higher levels. The chances of a retest is high as the indicator predicts. It can be bought at the lower levels for a 20-25% ROI in 3-4 months. Buying levels :- 773-780, 810 Target :- 970-1000 Time frame :- 3-4 months. The stock has respected the zone many times and given a break out. It will retest the zone as there are multiple confluence i.e. fibonacci levels, fixed range volume profile, moving average. Wait for the stock to retest and form a price action near the levels.
NSE:JSWSTEEL
by Mambotrade
JSW STEEL SWING BUY TRADEBreakout on daily timeframe. lease refer the chart for the respective SL and Targets. Plan trade as per proper Risk Reward ratio. Note: This information is for learning/entertainment purpose only and please do your own research and consult your financial advisor prior to taking any action. If you like this Idea, Please do like my ideas and share it with your friends. To further connect check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:JSWSTEELLong
by rkinspiro1
1
JSW Steel Breakout & Retest SetupOn the daily chart of JSW Steel, a strong breakout above the multiple time-tested resistance zone can be observed. Following the breakout, the price retraced back to the flip zone and found support before heading up towards the next high. This presents a potentially lucrative swing trading opportunity in JSW Steel. To enter this trade, a long position can be taken on the open of the next candle. A stop loss can be placed below the previous candle's low, as indicated on the chart. In terms of profit targets, a favorable reward-to-risk ratio of 1:3 can be targeted, as also marked on the chart. Thank you for your attention. Please feel free to like and follow my profile for more insightful market analysis.
NSE:JSWSTEELLong
by vt_trader
2