On Daily TimeFrame, JSWSTEEL given breakout of falling wedge pattern. After this breakout it indicates some retracement upto breakout level in last 2 days trading session. Expected it will reversal from this level and continue it's breakout rally towards the projected target 725 and 775+ in upcoming trading sessions. Can Go long above 670 for this targets.
JSW Steel is ready to rally upside with 90 points in next coming sessions as the head & shoulders identified and breakout expected.
I hope you can now see how JSWSTEEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
> We can Buy If Price Sustain Above 700 > 1st TGT is 780 > SL If candle closes below 665 (Only after We entered above 700 with Confirmation) >Support will Become Resistance and Resistance will become Support once the level Breaks. *Always Enter With good confirmation & Maintain proper Risk Reward. **********Educational/information purpose only ********** ...
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.
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.
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...
NSE:JSWSTEEL after fall from few trading session, its bounced back with good volume. if it sustain above 670. Next Targets 675-677, 682 and 690
JSWSTEEL - Again Flag & poll - Changes are high for up move - Follow Strong SL Just personal view for Educational
LEVEL ONE EXPECTED TO HIT 620 WITH SL OF 590 OR WAIT FOR BREAKOUT OF 738 IN DAYS CANDLE FOR ENTRY AND THE TARGET WILL BE 990.
JSW STEEL wait for breakout to buy above 738 level in days candle closing, suggesting a small risk if it reaches 620 level and keeping SL of 594, where you a look for target of 990 in 2-3 mths of time.
Inverse Head and Shoulder pattern formation is seen and breakout and long position if next candle will be bullish
Can short sell JSW Steel LTP: 713 Support: 720 Resistance: 680 DEMA matching MACD and looks like it is crossing over to a bullish pattern. RSI below 50 Immediate trend is down-trend
It has formed double top on a very short time frame. But the RSI also formed two tops. The second top is lower then the first one which means lesser people tried in making the second top. The tells us decreasing interest in the stock after breakout. There has already been a big rally and we can expect a consolidation in metal stocks soon.
DAILY SWING CALL // Friday 22nd of March 2021 / NSE:JSWSTEEL // This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade // CMP / LTP: 440.6 TARGET: + 507+(15% Around) STOP...