JSWSTEEL Bullish ALT BAT PatternJSW Steel on Daily Time Frame has started Reversal from Trendline support and 1.13 ALT BAT Level
JSWSTEEL trade ideas
JSW Steel- BUY @560 - 565Double bottom neck line crossed on 01 June 2022.
- First target @ 590
- Second target @ 630
- Third target @ 670
- Stop loss @ 515
JSW Steel forming double bottom.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).
JSWSTEEL AnalysisJSWSTEEL is trading in Descending Channel from the last 1 year, however we did see a breakout above the channel on 17th Marth 2022. Post that price rallied up till previous resistance of 770 and faced selling pressure which pushed price again inside the descending channel. Currently the stock is trading near channels lower level with immediate support at 520 and resistance at 570.
range breakdowna major range breakdown below 600 indicating sell on rise to follow
next support area 363-395
JSW Steel - Channel Breakout JSW steel on weekly chart has given a breakout of channel movement of consolidation and volumes and RSI bullish divergence also support the buying.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE AND TRADE ACCORDINGLY ON YOUR OWN RISK WITH CONSULTATION OF YOUR ADVISOR
JSWSTEEL - 23rd May 2022Break of 600-550 Supports on WEEKLY CLOSING basis can result in sustained Downtrend.
Above 600 Levels, Buyers wil try to Dominate.
Bullish Rectangle PatternBulish Rectangle pattern has observed in JSWSTEEL and currently it is in consolidation phase.
Wait for breakout and trade accordingly.
NSE JSWSTEEL JSW STEEL (WEEKLY)50% retracement can't be ruled out.
Each Fibonacci level is support as always.
JSWSTEEL - 9th MAY 2022RANGEBOUND
RESISTANCE 800-770 -> Sellers may come in
SUPPORTS 565-550 -> Buyers may come in
Break of Range can result in directional move of 25%
Dynamic Support and ResistanceIntra-day trading need more of dedicated full time effort and major portion of that is finding support and resistance.
The problem trader face is these support/resistance keep updating as new sharks (trader) jump-in.
To address this we need Dynamic Support and Resistance (DSR) finding tool which can ease new trader to find place in market.
Traders need to concentrate on price movement in combination with volume if they treat them separately it is bound to fail in market. Manually it will come with multiyear experience in trading.
JSWSteelJswSteel CMP 727.15
one can see bearish flag pattern
Below 723
A sl of 737
one can expect price to move south for tgt of 640 on cards
Chart is for study purpose only!!!
NSE:JSWSTEEL Parallel Channel BO 🎯NSE:JSWSTEEL
#NSE:JSWSTEEL formed parallel channel and ready to BO
Ping me personally for levels, *Only for practice.
Happy LEarning !!
JSW STEEL -- INTRADAY SETUP - 22/04/2022JSW STEEL -- INTRADAY SETUP - 15 MIN CHART -- 22/04/2022
1. at 15 min chart stock trading at at oversold level from there max possibilities bounce from 730 level
2. stock cmp 734 level 737 short term resistance at trendline , buy above 737 for trend confirmation upside
3. trendline breakout also can be seen above 737 level
4. Daily chart pattern is higher high .
5. RSI at mid range DAILY CHART 54 level
6. Stock currently trading above SMA 20,50,100,200 daily chart.
BUY JSW STEEL above 737
TARGET 745-750+
stop loss 725
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Do own analysis
** TRADE AT OWN RISK !
HAPPY TRADING. !!
JSW - Price near 52W high - RESISTANCEJSW steel is around key resistance zone, i.e. 52 week high. Share has showin resistance near same price 3 times before. First time on 11th May 2021, second on 6th Aug 2021, and third tme on 17th Aug 2021.
However, this time it seems different, price consilidated between a narrow 26 point range of 725 to 751 from 29th March to 8th April and finally opened out of the consolidation box on 11th April, still facing resistance from that very zone.
It will be important to see where the price action leads us. If the price breaks out of this zone, we can expect a good potential upside move, however please be patient and wait for successful confirmation of close above the point for clear indication as it is showing more bearish than bullish signs. For example bearish candlestick: formation of shooting star pattern on 13th Arpil.
CUP AND HANDLE BO IN JSW STEELCUP AND HANDLE BO AND ALSO THE EXPECTED MOVEMENT WOULD HELP TO KEEP THE RISING CHANNEL INTACT
T1 760
T2 790
#JSWsteel At resistance 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 PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 check out recent post :-
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
JSW steel long opportunityNSE:JSWSTEEL
Hello all!
JSW Steel has formed a flag and pole pattern. It has been consolidating inside the flag in May 2021 and finally broke out in March 2022. Also, the stock volumes have increased post-breakout which is a good sign.
The perfect entry would be after the retest of the upper flag trendline because the stop loss will be minimal there. Although small purchasing can be done at the Current price so as not to miss out in case of a straight up-move.
*NOT A CALL*
JSW looks good for one more move to 1000 above CMP 777Monthly pole and flag pattern formation already broke and its all time high resistance 776 already tested. Move expected above 777.
wait for Bull RunBrkout Done
it is gud after crossing 780 and hold their then we will see bull run in JSWstl
I am not SEBI registered. It is only for Education purpose
JSW Steel (LONG) Flag and Pole BreakoutAs it has been long since the steel/metal sector is consolidating , it looks like now the sector is about to go tits up high and give gains like last year. #JSWSTEEL has broken the flag pattern and coming down to retest so its a buy situation as long as its price is above 667. NSE:JSWSTEEL
