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...
Hi 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....
...
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...
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...
JSWSTEEL 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...
#JSWSTEEL @JSWSTEEL
JSWSTELL 5% movement downward
The expected target is 692 5% profit
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
Important JSWSTEEL Levels ( Support & Resistance ) for Monday Market- 24-10-2022.
Disclaimer:
I am not SEBI Registered Analyst, This Channel Videos are 100% Education Purpose Only, Myself or my Channel Not Responsible for Your Profit/Loss, Please consult Your Financial Advisor before trading/investing on share market.
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).
NSE:JSWSTEEL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
