Ready for breakoutStock has already touch it's high 2 3 times so if it's break upside than long move.... If not than it will not stop until 20% or it's next resistance level.
JSWSTEEL trade ideas
Continuation of multi year breakoutFrom April 2020 stock has been in uptrend and it has been supported by increase in steel price due to steel commodity super cycle. Since May month stock has been consolidating in a channel and Forming Flag, Currently stock has given fresh breakout from a channel. at current level if stock consolidates for few days above upper level of channel then it would be considered as breakout and retest any upward momentum from there would give confirmation of Bullish Trend. NSE:JSWSTEEL
JSWSTEELJSW Steel Limited is a holding company engaged in the business of production and distribution of iron and steel products.
Current price is less than the intrinsic value
Stock doesn't offer attractive dividend returns
Low probability of default in next 12 months
Stock has been generating better return on equity than bank FD
PE Ratio 19.95
Largecap
With a market cap of ₹1,57,799 cr,
Over the last 5 years, market share increased from 12.22% to 15.78%
Over the last 5 years, debt to equity ratio has been 155.59%, vs industry avg of 171.39%
Over the last 5 years, current ratio has been 79.64%, vs industry avg of 79.42%
Stock is 2.39x as volatile as Nifty
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
swing traders keep a eye on this stockNSE:JSWSTEEL
let see the price action = flag & pole pattern formed, it also looking like channel pattern + BREAKOUT
FIX YOUR STOP loss as per your R:R
if you like this pls follow and support❤ to reach 💯.
Watchout for trendline breakoutThe stock has given a trendline breakout and looks good at CMP (safer above 705) for positional target of 770
Learn & Earn,
Dr. Tanya Kumar
JSW STEEL a flag is preparing for FLYWait for the flag breakout, then ride the flight.
JSWSTEEL is trading in a channel from long time and it create a flag pattern.
breakout from flag pattern will start a new trend expecting a move around 150+ points from breakout point
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#JSWSTEEL - Downtrend channel #JSWSTEEL
Downtrend channel
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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JSW Steel, LongJSW Steel, Bullish
Target1 700/Rs.
Target2 775/Rs.
Take for educational purposes only.
JSWSTEEL - Pole and FlagThe stock analysed in JSW Steel and keep a watch on flag breakout, expected return will be 50%.
50HCL Setup megical ViewI have given an indicator e.g. 50HCL. That Stocks fulfill all the condition that which given there. Take a trade.
when price closed above 50H, just entry into its High with RSI above 55 confirmations.
Jsw Steelhigh : 06/08/2021 : 776.50
low : 03/04/2020 : 132.50
75 % : 615.50
50% : 454.50
25% : 293.50
Neutral to bearish based on F&O dataYou can sell 620 PE, 680 and 700 PE as the bearish move, do it under your own risk.
Keep an eye on breakout. JSW Steel LongThe chart is self-explanatory. Keep it in your watch list. A decisive weekly closing above the flag can give good returns!
JSW STEEL DAILY CHART ANALYSIS AS ON 28.02.2022JSW STEEL as per daily chart analysis Stock Above 633 for a Target 648. Resistance at 649. Happy Trading to All.
JSW STEEL Shorting opportunity in IntradayBegan a downtrend and made a correction at 0.5 fibo levels and formed head & shoulder pattern and again resuming the trend.
Entry :- 632 to 636
Stoploss:- 643
Target :- 620 ++
Reasons:-
1.0.5 fibo rejection
2.Head & shoulder pattern breakdown
3.Volume support
4. down trend
JSW STEEL TARGET OF 3%History Repeating Mood, each time It crossed trend line, it shooted up near by 11% then 10 % maybe this time 8%, whoever is in position might get good 10% soon has this time it went more down then expected bcz of putin :p
jswsteel good swiing tradejswsteel is forming decending triangle pattern levels are mention above take entry when a daily candek close with good volume
good 28 percent target 1 isto 6 ratio trade
JSW Steel - Consolidation rangeIf it breaks the trendline with high volume and with single green marubozu candle only then it will be considered as a breakout and we may expected the targets in 3-4 months after breakout.
JSW steel ready to give a symmetrical triangle breakoutJSW steel chart shows a symmetrical triangle pattren on 15 minutes timeframe. Upperside is a strong resistance and lowerside a trendline following support. There is not an tip or stock recommendation.
