Its breakout 705 and the next breakout is 777 is a jackpot Thank you
📈 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...
high : 06/08/2021 : 776.50 low : 03/04/2020 : 132.50 75 % : 615.50 50% : 454.50 25% : 293.50
> 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 ********** ...
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...
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
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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.
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.
Note: This is for educational purpose only. Please do not trade in F&O. 20 EMA seems to be acting as dynamic support for JSW Steel. There seems to be a hammer formation at 20 EMA. Expecting a bounce back from here. SL: 385₹
ONCE HIT 430 THE SUDDENLY FALL ARROUND 2% to 7% 400 390 370
KEEP CHARTS AS SIMPLE AS POSSIBLE, THEN AUTOMATICALLY CHARTS WILL TALK WITH US :) As i mentioned in the charts, the reasons to trade this scrip was higher high breakout. My entry would be cmp and SL: 365 #jswsteel #swingtrade setup
Shooting Star Observed On Daily Charts, Sell It With SL Of 352.1, Closing Price Is 341
Note: This is for educational purpose only. Do not trade F&O based on this analysis. There seems to be a bullish breakout after tight build up near resistance for 42 days. This signifies that bullish pressure is more and hence, the price did not fall down. Moreover, breakout is is with high volume. RSI is at 69 which indicates bullish momentum but at the same...