JSWSTEEL trade ideas
JSW Steel: Breakout ReadyRounding Bottom Formation.
Rising Wedge formation.
Trade: Buy > 736, SL: 730, T: 743/750
Sell < 727, SL: 733, T: 720/713
JSW Steel might reverseLooks like jsw Steel might fall more till 600 with sl 736
Findings: After sharp fall it is retraced for 0.786 level and shown sign of continuing down
Jsw steel shoild go down 72% of heigher high fail and we can spot a diversion.
I am 70% sure of it going down tomorrow.
JSWSTEEL - Ichimoku Bullish Breakout Stock Name - Jsw Steel Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 736
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Head and Shoulder pattern in hourly time frame - JSW SteelCall me an obsessed analyst but, I simply love Head & Shoulder pattern. They come in my dreams as well. :D Either way, I spotted this pattern in hourly time frame in JSW Steel chart. This one is not entirely bookish but, what is this life is bookish anyway? Let's see if this madness has a reason worth being mad for!
Best of luck.....
My view on JSWSTEELJSWSTEEL
Giving Flag pattern breakout
Above 723-24
Looking tgt 730-35-40++
Keeping on radar Jswsteel 730 CE dec.
Bullish flag pattern Breakout in JSWSTEEL.JSWSTEEL
Key highlights: 💡⚡
📊On 1 Time Frame Stock Showing Breakout of bullish flag Pattern.
📊It can give movement up to the Breakout target of above 770+.
📊Can Go Long in this stock by placing a stop loss below 714-.
JSW STEEL - ASCENDING TRIANGLE BREAK OUTStock has broken a key weekly resistance.
Price has retested the resistance as support & could be heading higher in coming days.
Metal index is on the verge of breaking out as well.
Thanks.
JSW STEEL --INTRADAY SETUP -- 21/11/2022JSW STEEL --15 MIN CHART --INTRADAY SETUP --21/11/2022
1. JSW STEEL on 15 min chart seen double bottom support formation at 700 odd level
2. Trendline breakout seen on 15 min chart at last closing hiekin ashi candle
3. stock seen upper channel currently where support of channel form at 705 level and resistance 715 -720 level , same as take as intraday support and resistance
4. trix line shown positive crossover .
5, one can initiate buy 705-708 for intraday target 715-720 -725 stop loss bellow double bottom line at 695
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING .!!
JSW STEELAfter a big rally of more than 100 rupees from 21 October - 2022 to 14 November - 2022, JSWSTEEL has faced resistance and started moving down.
As we know that this counter is in a big consolidation phase (accumulation or distribution) after it reached its all-time high of 771 which this counter tried to break twice at 776 and 790.
The given channel can be considered and any breakout above the channel can further move to the same level of resistance ((731.40) and upon breakout of the said level it can move till 764.75/776 and further it can reach its highest level 790.
This Scrip looks good to me for investment .
*The views are personal and not a recommendation of buy or sell. Please contact your financial advisor before taking any decisions*
Buy - PRICE ACTION TRADEPure Price Action Trade. Open for Discussion.
ENTRY: 641
TRAGET 1: 657
TARGET 2: 686
SL: 614
JSW steelPrice is moving within an upward channel. There are two ways to trade on it. Channel trade and channel break out trade. Sell below 708 with the stop of 712 for the target 704, 700 and 695. Buy above 714 with the stop of 710 for the targets 718, 723 and 728. Finding the trend strength only I will take the trade.
JSW Steel CMP 602.7 Buy for Traget 633- 657- 696- 730- 770+ tJSW Steel CMP 602.7
Buy for Traget 633- 657- 696- 730- 770+
time duration 2.3 months
can buy fut or 620 CE for August Month holding
SL below 570 candle closing basis
JSW steel - ready to fly6 months old Trendline Breakout with Volume
Also Double Bottom Breakout
Enter above 683.5/684
T1/T2/T3 = 687/695/702
687 is minor resistance.
SL 676 for Intraday.
Good for Short term if closes above 688 for the day.
Disclaimer: I am not SEBI registered. Contact your financial advisor before taking any trades.
Follow Risk Management.
JSW STEEL TO GO LONGLong JSW steel in any dip between 705-115 for the next target of 770-790-800 with a small SL of 68-685. clearly successful bo of the stock has been seen on the weekly chart. Rsi moving above 60 again is a sign of strength in the stock. this is for your educational purpose only.
jsw steel cup&handle breakout enter for big targetjsw steel cup&handle breakout entry for big target
follow for more charts
JSW Steel Cmp 702 dated 4-11-2022 Triple TOP & W PatternJSW Steel Cmp 702 dated 4-11-2022
1. Triple Top Made @ 701
2. W Pattern on chart
Sustaining & giving Breakout above
this level will take stock to
725-740-760-785 SL 675
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
JSW STEEL Triple top with negative divergence Time-frame 1 hour
Triple top with negative divergence
SL 693.95
1:1 Target 676.35
#Jswsteel cash : Looks good above 683.10#Jswsteel cash -Positional call
31.10.2022
Looks good above 683.10
stoploss 650
Target 735/800
Cmp 674
Double bottom Near breakout: JSW SteelNSE:JSWSTEEL has made a double bottom and is near its breakout. long position can be initiated after there is close above the neckline.
#Jswsteel is in channel - update#Jswsteel is in channel
Target -612
Above 612 next targets 736.60
Buy on dip for good RR
Long-term SL-503
CMP:588 @ 13 July 2022
