Break out Seen on monthly time frame on JSW Steel . The stock is going to make a new trend and thus provide us an opportunity to be a part of it. With a SL of Rs. 780 , the stock may hike to a level of Rs. 937 and above as shown in the chart.
The above study is not a tip to buy or sell the stock . It is the trend analysis of the stock.
Good Luck !!!
JSW ISPAT is looking good for an upmove in coming days
* A falling wedge breakout and also change of structure from downtrend to uptrend
* Monthly inside bar candle breakout and also sustaining above it indicating good strength
A stop loss below the low of 29 looks enough for targets towards 38-43 RR 1:3
I found good price action for up move in JSWSTEEL
#SwingTrading
#Breakout
#PriceAction
Disclaimer: This video is for educational purposes and not a recommendation. Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.
BUY - JSW STEEL LTD
CMP - Rs. 772
Target - 1: Rs. 900
Target - 2: Rs. 975
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Technicals - Ascending Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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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...
Breakout 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...
On 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...
JSW Steel is trading near its 52 week high now and its showing a positive movement . It is now attempting to break its alltime high . A cup and handle formation is seen now and which imples an upward movement of further 10% in a short span .
Time frame 15 min, took a short entry after the support was broken using my Moving average. Used FIB levels just to identify the key points of reversal + we need to wait for the line to cross below zero on fisher scale. Targets, SL, Entry is upon chart
Proper Chart Bullish visible,
Buy Here 773.4 CMP and Add if decline ,
Stop Loss : 742
Target : 868, 912++
Risk is yours and Reward is too yours totally
ALL TIME Record high potential
Time Frame: 3 months max
