Absolutely No Idea what I should write in description, if you ask I can answer thats it :) Got one point , its 9000 shares per Lot, So better take care of it & its very Risky to have that exposure ! Happy Trading !
Price seems to be following the descending Channel. There was a gap down red candle 2 days ago. It has tried to fill the gap today but price got rejected at that level so it may provide a resistance and could be used as Stop Loss. Using all this information we can frame a short trade by risking a small amount the high of today and look for a target of lower...
jsw steel is in down trend short 1615 sl 1682 closing basis tgt 1495 enjoy this trade
jsw steel has broken weekly big candle short @1520 with target of 1425 (38% fib level) enjoy this trade
jsw steels in down channel short @1620 Target 1585
Triangle Pattern breakout. Target around 1550 within the next 11 days. Stop Loss around 1630-1635
:-formation for head & shoulder :-about to break regression trend :-close below 100 MA :- profit target to the previous swing low.
JSW Steel after breaking the long term up trend moved into consolidation further falling and forming a falling wedge. it may further go down up to 1537.00 and touching this level we may see upside movement when breakout occurs. risky traders enter long at 1537.00 or may wait to breakout of wedge pattern with a target of 1800.00.
Well, according to my probable Elliott wave count and opinion it seems like some more up trend in JSW STEEL. We have finished micro wave 3 and 4 (wave 4 is 23.6 of wave 3). Now we are currently moving towards the final micro wave 5. But one need to be careful as we might not have finished wave 4 correction. Further wave 1 was a flat correction so with alteration...
It is been observed that the price action has previously breaks out from a channel as shown in Tata Steel chart (link given below) and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 1660 target levels. Risk/Reward: 1/5 Target1: 1660 Stoploss: 1800
There is a good chance that JSWSTEEL could see a sharp correction in the coming two trading sessions. We have probably finished the impulse that started around 800 and carried the price all the way to 1800. The other metal stocks also seem to suggest that they are over-heated. Moreover with the GDP data coming in lower than the previous quarter we could see a...