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Jswsteelong

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
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 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
JSW STEEL AnalysisGaps pending Downside: 552.50 Upside: 602 Supports: 571/566/559 & 552.5 Resistances: 576.9/583.25/593.9 & 602.95 Conditions applied: Con 1: If we witnessed Gap up opening nearby 583.25, Wait for breakout & then take long position accordingly with the given levels. Con 2: If we see sideways opening, then need to watch Volume & OI & then take position. Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions. Note: OI & Volume to be considered in all the trades.
NSE:JSWSTEEL
by Option_Kontrol
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.
NSE:JSWSTEELLong
by ShelendrAgrawal
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. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:JSWSTEELLong
by this_is_shoaib
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. ------------------------------------- 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.
NSE:JSWSTEEL
by Trading_hawk
JSW Steel forming Flag and pole patternThis stock looks good, if it gives a successful breakout with good volume Levels are already mentioned in chart. - Once given a successful breakout .. it looks good above 710 for immediate target of 735-40 and 2nd target of 770+ and T3 of 800+ Things to remember 1) Always wait for Confirmation, don't just jump in running candle 2) Condition for breakout is ... it should break the range with big green candle with good volume 3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance 4) Always keep trailing Stop loss. Note : I am still learning .. let me know if i missed anything Disclaimer : This is purely for education purpose only
NSE:JSWSTEELLong
by r-ya