Gaps 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...
JSW steel is taking support from its bottom and simultaneously forming a bullish pattern (Double bottom). After a strong breakout of 558 you can plan to go long for a swing trade . Place stop-loss logically and targets according to your analysis (Suggested Target : T1 600 / T2 640).
📈 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...
Hello 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...
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.
> 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.
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...
JSW 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...
This 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...
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.
![JSWSTEEL: Simple Trade Setup | JSWSTEEL | 18-10-2021 [INTRADAY]](https://s3.tradingview.com/z/Z4bgE4M3_mid.png "Simple Trade Setup | JSWSTEEL | 18-10-2021 [INTRADAY]")
![JSWSTEEL: JSW STEEL Big Swing Trade [The Wolf Trade]](https://s3.tradingview.com/m/MBnQZoHk_mid.png "JSW STEEL Big Swing Trade [The Wolf Trade]")
