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Jswsteelanalysis

JSW Steel breakout and retest is done. JSW steel has given a break out of the inverted head and shoulder and has also retest the neck line on the weekly charts. The stock has formed a resistance around 830-835 levels and once these levels are cleared it can given good targets. Positional and swing trades should be created only when the resistance zone is cleared on the weekly charts. Levels and targets are marked on the chart. Stock can also be purchase in cash for a longterm bet as the market are bullish and the stock can travel with the waves. Levels to watch Break out level :- 835 Support to accumulate stock :- 775-780 Watch for the weekly close as tomorrow it friday. The stock has given a fall for last three days and if it starts to run there will be a good opportunity as it is standing at 50 % fibonacci levels.
NSE:JSWSTEEL
by Mambotrade
3
Looking Good - On a way to New LTHHi All... Greetings! Today I'm sharing you JSW Steel Weekly Chart. it has been seen that JSW Steel has been continuously taking resistance from 773 levels. In last week of July 23 it finally gave a breakout and last 2 weeks of August it tested the same 773 level which will now work as a support. I'm hoping JSW Steel will keep on making new LTH now.... Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:JSWSTEELLong
by NikhilChoudhary2023
JSW steel| 2 year resistance zone breakout with inverted H&S.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 momentum. On the weekly charts, a clear inverted Head and shoulder pattern is there. It has been consolidating for last 3 weeks at the higher levels. A 'W' pattern is also there. But the RSI indicator is losing strength as there is a bearish divergence in the stock. The daily charts has respected the 20 ema and is consolidating in a box above the resistance zone. The stock is taking a halt at the higher levels. The chances of a retest is high as the indicator predicts. It can be bought at the lower levels for a 20-25% ROI in 3-4 months. Buying levels :- 773-780, 810 Target :- 970-1000 Time frame :- 3-4 months. The stock has respected the zone many times and given a break out. It will retest the zone as there are multiple confluence i.e. fibonacci levels, fixed range volume profile, moving average. Wait for the stock to retest and form a price action near the levels.
NSE:JSWSTEEL
by Mambotrade
JSW STEEL SWING BUY TRADEBreakout 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 friends. To further connect check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:JSWSTEELLong
by rkinspiro1
1
JSW steel at interesting levels 05/06/23.JSW steel on the weekly charts has been consolidating in a range and trading around the 20 ema. The stock has taken support from 0.618 fibonacci level but unable to close above 0.382 levels. It is consolidating in the same range. Stock can give either side movement and is currently trading near the resistance levels. On the daily time frame, the stock is trading around 20 and 200 ema. The moving averages are close enough. There will be a confirm long or short trade as moving averages will also be giving a break out or down. Intraday and swing trades can be initiated if the stock starts trading outside the box. Wait for the price to retest the break out or break down levels. Swing trades are there on the charts. Must watch for a price action near the levels before entering the trade.
NSE:JSWSTEEL
by Mambotrade
JSWSTEEL NEXT TARGET 660JSWSTEEL Breakout happened in a lower time frame i.e on 15 minutes. So the next Target expected for JSWSTEEL is 660 IN my previous calls, I explained about the movement of the BPCL, ADANIET and JSWSTEEL. Check my prev calls. Explained about SL and the Target in the video posted in TradingView Tradingview ( TanujaK) is my profile. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
NSE:JSWSTEELShort
by TanujaK
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. # 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, share & subscribe for daily analysis.
NSE:JSWSTEELLong
by nikunjbhadja