JSWSTEEL
JSWSTEEL - Opportunity for CE and PEMy Perception & the way I trade:
JSW STEEL ( NSE:JSWSTEEL1! )-- currently trading in close range from previous Weekly High and Monthly high levels.
Also from Harmonics' perspective - possible to test 774-777 levels before any kind of reversal. Which is also 0.786 retracement level.
These levels are also in line with Prev Week/Month high levels.
Add JAN 770 CE, JAN 780 PE to the watch list & wait for levels to cross and sustain.
From the above Futures chart - trading above current and previous months VWAP levels. Also, we can see Wedge breakout and consolidating for some time.
Add to watch list -
If the stock crosses the Weekly high - don't jump in for 770 CE. As we can see around 777, Monthly High may act as resistance.
Once Monthly High is taken off - we can go for 770 CE.
Incase of any reversal - after testing Monthly High and clear confirmation, -- we can consider 780 PE.
Considering Next week will be the Monthly expiry, we will be in the last week from tomorrow. Remember: Option Geeks will be more active this week and also VIX is back to 14.3 levels.
Shooting StarA shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = JSW Steel
Time Frame = 15 min
#JSWSTEEL Analysis For SwingJSW steel is performing too well from starting of 2021 but get slow down in mid 2021 till now. NSE:JSWSTEEL
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JSW STEEL has a 2 very big Bearish RSI Divergence on Daily Timeframe.
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If you look at NIFTY METAL at the same timeframe you'll find same kind of divergence that indicates strong conformation to this trade.
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JSW STEEL has taken resistance from 770 to 785 Often.
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Along with this i have shared my previous analysis of NIFTY that show same kind of RSI bearish divergence from 18300 to 18400. NSE:NIFTY
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ADX has Shown some Weakness at its resistance level which shows Bulls are not making more positions at resistance so this make less possibility of up side breakout.
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Right now JSW STEEL is at Support of 50 Moving Avarage, so if it break this support we can make a short position in NSE:JSWSTEEL .
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Target Could be 200 Moving Avarage, And stop loss is above resistance level
JSW STEEL JSW Steel Ready to break out. Multiple time faced resistance price of 769 to 775. Once break out with the volume. it will shoot like rocket.
Keep Eyes on JSW Steel.
note : this is only for education purpose. do your own analysis before taking any trader and consult your financial advisor before taking any trade.
JSWSTEEL - Ichimoku Bullish Breakout Stock Name - Jsw Steel Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 736
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
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JSWSTEEL LEVELS FOR MONDAY - 24-10-2022Important JSWSTEEL Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
JSW STEEL ANALYSIS ON DAILY TIME FRAMEGood Evening everyone,
JSW STEEL on a Daily time frame formed a triple top pattern. The last one is all time high.
-->After creating all time high came down directly and broke the last low before ATH (Horizontal Arrow)
-->Observe the price action after that , Price hardly managed to go to 0.618 Fib level (shown on chart)
->Got rejected from that level and formed a lower low & lower high.
-->Now this setup looks good for selling with all these confirmations.
If there is any small retracement and price came back to 657 -660 levels we can short with a SL of just 30 rs.
-->Those who trade options may plan accordingly stop loss levels will be same (690 levels).
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
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Need motivation very badly.
JSW STEEL WEEKLY BREAKOUT# JSWSTEEL
- Cup & Handle Breakout
- Trading in HH-HL Structure
- Volume Rising with Breakout
- Strong Bullish Momentum
- Buy Above 686
- Stoploss 662
- Targets 790
#Investing
I Hope You All Like My Analysis.
Please Do Share Your Thoughts Into Comment Section.
Please Give A Like, It Motivates Me To Do Analysis. Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
JSW STEEL WEEKLY BREAKOUT#JSWSTEEL
- Cup & Handle Breakout
- Trading in HH-HL Structure
- Volume Rising with Breakout
- Strong Bullish Momentum
- Buy Above 686
- Stoploss 662
- Targets 790
#Investing
I Hope You All Like My Analysis.
Please Do Share Your Thoughts Into Comment Section.
Please Give A Like, It Motivates Me To Do Analysis.
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
JSWSTEEL - Ichimoku Bullish Breakout Stock Name - Jsw Steel Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 685
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.