Breakdown on Trend line with Nifty MetalsOn the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco (15.18%), Vedanta (9.06%).
JSWSTEEL
JSW Steel is on the edge of Support Trend lineJSW Steel is on the edge of his support trend line below @ 640 level, hope that on Monday it will break it's support level because We had seen a breakdown of Trend line on Nifty metals during the last trading day. Just refer my another idea related to Nifty Metals for more information about that breakdown level.
JSW SteelLong can be initiated at CMP with SL of 649. It is also at support level and stronger than other candidates
JSW Steel looks weak…JSW Steel looks weak…
Reasons/Traits :
• Ascending triangle formation seen
• Below 50 EMA
• Price moving between 0.236 and 0.382 retracements levels since few days from recent high
• Constantly falling RSI
• Force index 3 is greater than 0 and Force index 13 is less than 0
• ADX negative is greater than ADX positive
What can happen next :
Scenario 1 : Price sustaining above 690/692 levels can take it to 700/720/730/740/750/760 levels
Scenario 2 : Price break down below 665 can take it down to 645/630/610/595 levels
Sharp movement can be seen if training pattern is broken
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Symmetrical Triangle @ JSW STEEL LTDI spotted a symmetrical triangle in 1 hr timeframe @ JSWSTEEL. The Lower Hoghs and Higher Lows indicates a perfect Symmetry Triangle. Tommorow if it opens with a gap up or a breakout it would be a great Longing opportunity or vica versa…
NSE:JSWSTEEL
#SANCO SANCO #NIFTY #BANKNIFTY #FINANCE #NFT #BTCUSD #MATIC #NSENSE:SANCO
Sanco Industries Ltd.
NSE:SANCO
CMP: 10.10
Target: 13 ++
SL: 8.60
Timeframe: < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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JSWSTEEL Looking Bullish * THIS IS NOT A RECO, JUST AN OBSERVATION *
JSW Steel looking bullish. Forming a W pattern near on Daily, and 75 minutes Charts and broke the resistance today. Next resistances are at ~693 and ~723. Once these are taken off, the price will reach to ~760 levels.
Jsw Broadening Wedge I am a bit neutral on this idea untill I see a strong breakout from the demand side.
After a strong breakout, please enter only after retest.
JSW STEEL IS NEAR THE BREAKOUT LEVEL. JSW price rose with good volume participation in today's session. The setup is based on the XABCD bearish butterfly pattern.
Go long if the price sustains above the breakout level.
The stop loss, breakout, and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
Buy jsw steel intraday TargetAsper Fibonacci retracement price will be retrace at our entry point and expect to hit our both Target entry and Target level you can see on chart
JSWSTEEL LONG (19 Oct)JSWSTEEL LONG (19 Oct)
Around 2 months consolidate below 50 day EMA
Breakout done
Buy at CMP- 715
SL- 684
Target- 774, 845
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
JSW STEEL : COMPLETION OF EXPANDED FLAT Stock has just completed its expanded flat correction & is ready to make new highs. One should buy on cmp and add on dips , keeping a Stop loss of 640, we can look for the target of new highs, i.e. 780-800 zone.
JSW STEEEL back in rally mood As metal index has given breakout on daily charts , we expect all metal stocks to contribute to continue with the rally
JSW TRADE SET-UP FOR TOMORROWThere is a strong resistance of 698, in the previous day's stock consolidate and then down.
.
Now again stock is testing the same 698 levels, so if stock goes above 698.
.
You can buy this trade for the Target of 720.
.
What's your view on this comment below in the box
Simple Trade Setup | JSWSTEEL | 18-10-2021 [INTRADAY]NSE:JSWSTEEL
Observations:
1) On 1 day time frame, it just closed below 50DMA. 50DMA is placed at 693.46 level.
Also we can see that critical resistance at 700 level.
And as per OI data, major call writing is at 700 level.
Sustainable breakout of the same will lead to short covering and can give good bullish upmove.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
JSW steel AnalysisThe stock stays in consolidation for a very long time before a breakout. breakout happens only by news or good earnings.
also there is no hope of breakout now as there is no uptrend. MACD is not that great now. hence I would recommend you o wait for while.
strong resistance at 774. no proper support.
Can give an entry if forms a good support level or gives a good breakout.
can keep in Radar
JSWSTEEL Ascending Triangle on 2H chartJSWSTEEL is forming an ascending triangle on the 2H chart. The stock has seen consistent supply in the 687-690 zone for the last few days. Once this supply is exhausted, bullish strength can take the prices up to measured move target of 750. We will be watching out for a breakout of prices from this resistance zone in coming days.
jswsteel long buy witjswsteel long buy wit
It is just a view based on demand/supply, pls trade at your own risk
JSWSTEEL trendline break. LONG!!JSWSTEEL has broken trendline and consolidate with a tail so it is looking good for a long position.
Entry CMP(681)
SL 657
Target - 770
NMDC - Fresh RunNMDC
Buy-Above 149
Sl-147.5
Target-153 155
This is for intraday .
For Position Basis
Buy-Between 135-140
Sl -128
Target 170 190 210+
jsw steel ....become real steel @ bullish Educational purpose only ......Keep an eye on jsw steel ...take best entry
JSW Steel 1D Time Frame AnalysisJSW Steel 1D Time Frame Analysis
- Price has already broken his ascending channel and give a huge rally of almost 300 within 2 weeks
- Now moving in this range for the last 3 months
- we can see a possible round bottom pattern here
- There is resistance at 750 zones and we have good support from 650 levels
- Completing Round bottom would push this to 850-900 levels soon
- Or it can keep playing in this 100 Rs Range
