Sector: Iron & Steel monthly & weekly structure bullish N showing strength now as we can see Daily TF makes bullish n makes HH & HL pattern with strong RSI conversion and bollinger band support... so long term investors may accumulate for 45-50% for 1000 target price SWING trader may accumulate this for ALL TIME HIGH.... ATH , different HTF fib levels act as a...
Please consult your financial advisor before investing All research for educational purposes only. Stock is ready to cross past barriers with good volumes
JSWSTEEL we missed the trednline breakout. But now we can focus on the flat patter breakout above 835 closing can lead to good 12-15% rally.
Jsw steel wedge pattern ,need to wait for a breakout .risky players can buy above the green line
Price is making new HH and HL and quick moves up side is visible in chart.
A Perfect "W" pattern on 1 day time frame & neckline is at 738 if breaks then 764 target can be seen in coming days then to 747.
Date : 03-03-2024 Buy JSW Steel above 848 & 871 Target of 894-917-961-987-1009-1057 SL 806 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few Months Please consult your financial advisor before investing All research for educational purposes only.
BUY around 840 or 860 and target atleast 1:4 or 1:6 RR
After a strong breakout from Descending Triangle pattern, stock was in tight consolidation for some days and now has given breakout from previous resistance reaching to an ATH. Stock has also retraced till resistance which is now acting like support. A swing trade can be taken for 8-10%.
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products. It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital.
jsw at the Resistance.Resistance has broken.retail buyers trapped.now it will fall
JSW STEEL LTD Key highlights: 💡⚡ ✅On 15 MIN Time Frame Stock Showing Breakout of Bullish Flag Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 900+. ✅Can Go Long in this Stock by placing a stop loss below 848-.
JSW STEEL:Has formed a double bpttom and positive DEMA Crossover suggests a move towards 870+(For educational purpose only)
FUNDAMENTALS : 1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y. 2. OPM at 17% V/s 11% previous year 3. Caution : Price to Book value is High as compared to its peers Technical: 1. Price confirmed breakout and retest of Ascending Triangle on weekly chart. 2. Price Took support of trend line on weekly chart 3. 20 week SMA support at 810...
I've decided to close my position and lock in profits as the price has reached a key inflection level. I'll be keeping an eye out for a potential re-entry if the price dips back down to the lower trendline of the higher timeframe parallel channel. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide...
Jsw steel is ready for new highs Once cross 896 -900 Massive surges Traget 930+ Invest
Mention Information is only for Educational Purpose. Dear Traders, I hope this message finds you well. I wanted to share my view on JSW STEEl with you. I Think that this stock is about to give good brake out .Volume is also good Stock: JSW STEEL. Entry Point: triggered Stop Loss Point : 840 Target Point: 880,930,960 Please keep in mind that markets are...
Happy learning with trading. I just shared my view. If correct give me one like. If not, correct me. Points to Note: 1) parallel channel breakout POSSIBLE on weekly CHART time basis. 2) safe trader wait for trendline support area to enter long position around 770-780. 3) risk traders wait for CMP 815-820 if gap up opens. I just shared my view. Disclaimer: I am...