JSWSTEEL
#JSWsteel At resistance NSE:JSWSTEEL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
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JSW Steel (LONG) Flag and Pole BreakoutAs it has been long since the steel/metal sector is consolidating , it looks like now the sector is about to go tits up high and give gains like last year. #JSWSTEEL has broken the flag pattern and coming down to retest so its a buy situation as long as its price is above 667. NSE:JSWSTEEL
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalJSW STEEL LTD
On weekly chart Stock trading in DARWAS BOX
and on daily chart Pole and Flag formation
Stock trading at recent highs and trading at good volume; Expected good movement in coming weeks
Buy above 760 levels for 8-15% targets.
keep SL of 725 levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalJSW STEEL LTD
Stock has given trendline breakout on daily chart
Also Flag pattern formation was observed ...
Can be enter at CMP or safe buy above 705 levels
for positional targets of 740/760/770 levels
Note:
Above levels for Educational purposes only
Do your own analysis before taking trade
JSW Steel Ltd. Chart Analysis !!📈 JSW Steel Ltd. 📉
Today broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 760.
StopLoss should be kept at close below 660.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
JSW Steel (Detailed Weekly Analysis)JSW Steel (Weekly):
1. As Nifty Metal has given Breakout on Weekly charts, JSW Steel (which constitutes to be almost 14% of Nifty Metal) has also given a Flag and Pole Breakout.
2. Stock has given breakout after almost 300 days
3. Upper Bollinger Band on Weekly Charts is challenged
4. Also there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Note:
1. The above analysis is for educational purpose
JSWSTEELJSW Steel Limited is a holding company engaged in the business of production and distribution of iron and steel products.
Current price is less than the intrinsic value
Stock doesn't offer attractive dividend returns
Low probability of default in next 12 months
Stock has been generating better return on equity than bank FD
PE Ratio 19.95
Largecap
With a market cap of ₹1,57,799 cr,
Over the last 5 years, market share increased from 12.22% to 15.78%
Over the last 5 years, debt to equity ratio has been 155.59%, vs industry avg of 171.39%
Over the last 5 years, current ratio has been 79.64%, vs industry avg of 79.42%
Stock is 2.39x as volatile as Nifty
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
JSW STELL BREAKOUT and H&S PATTERNHello guys hope you are doing good today, in yesterdays post I asked you guys to short TECHM and it ave a good profit in nitraday as it fell more than 40 points and target 2 was hit. Same case with WIPRO, all I.T stocks looking weak.
Now speaking of this script that is jswsteel I see that there has been a breakout with good volumes, this once tries to give a breakout few days ago but failed.
Now it has given a breakout above the counter trendline with good volumes
An inverted head and shoulders pattern is also seen here.
Buy above - 689
Targets mentioned in the chart above.
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