jswsteel moving in downward channeljswsteel looking weak and wave "v" will start
more weakness to follow below 675
in short term wave "v" target 650--620
JSWSTEEL trade ideas
JSW Steel LongJSW Steel looks bullish for positional trade
Levels mentioned on chart
Regards
CA Ayush Sagar
JSWSTEEL reversedJSWSTEEL made ALT-SHARK pattern
A good up move can expect from 700 levels
707, 720, 733 are the immediate expected levels.
Only for learning PurposeJSW STEEL at Tradeline and weekly 20EMA Support. Not a trade recommendation.
JSW steelStock is trading in channel. Stock at major support zone. Made double bottom pattern at support zone. Trend line and inverted HNS pattern breakout visible.
📈 Pre-open MTF #PriceAction Analysis by #KRMG (27 Aug)👉 Stock 1- #JSWSTEEL
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - It has been in strong Downtrend from 780 Level in HOURLY TF. then it given strong Gap Down Opening and again started strong Downtrend, yesterday it shown slower downtrend
It has now broken and closed below an important blockade of 675. Throughout the day, it continued the Down Move and also closed near the day's Low
For Sellers to maintain dominance, it needs to close and sustain Below the #CRITICALZONE
👉(Reversal Trade Trigger) Break of Downtrend structure will trigger BUY ENTRY for Intraday
🎯 Coming to sectoral pattern - #NiftyMetals is currently trading in dominance of Sellers where close above 5550 Level will start fresh Uptrend
#KRMGPriceAction
#LearnWithKRMG
JSWSTEEL - Price and Trend SetupStock may test ATH soon as price is moving above small time resistance.
JSW Steels Ltd Long @ Rs 735 or belowNSE:JSWSTEEL
Entry 735 or Below
Target 800 + New ATH
SL 718
Time: 2-3 Week
JSW Steels Ltd is trading at 737 and getting support in lower time frames of 5 and 15 minutes . Demand is being maintained so downside risk looks low. on Supply-side zone formed earlier at 756 to 772 has been broken and there is no supply to resist the price moving up. Buy and hold for the 2-3 weeks.
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not a trading or investment advice
buy jsw at 690 to 695 for shortermbuy jsw steel at 690 to 695 for target of 740 it is shorterm . stock has strong support zone at 680 to 695 and stoploss of 675
JSW Steel - Breakout DueAfter consolidation and uncertainty of China output cuts..India now stands in a very strong position and this metal cycle could continue.
Long above 774. SL below 720. Expect a move to new highs and momentum to keep carring metal stocks higher.
Just metal stocks enough opportunity to run if they are not already a large part of your portfolio.
JSW Steel - Breakdown ???JSW Steel is trading in a Symmetrical Triangle. Watch out for action. May be a Breakdown
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JSWSTEEL ShortShark Pattern Formed in JSWSTEEL. Price also reversed from PRZ (Potential Reversal Zone). Targets levels are on chart and Stop loss should be above PRZ.
JSWSTEELJSWSTEEL: Looking Good
Cup & Handle Pattern Breakout Sustaining/Closing Above 770
Buy CMP/Above 749.10
JSW Steel - Double Top formedJSW Steel formed Double Top chart pattern after a long rally. Chart pattern complete in three months time frame. If we observe candlestick chart carefully, then we get variation of evening star at the top of chart. Our view in JSW Steel is sideways to negative.
If price goes above double top then chart pattern will not be valid.
Sell below 747
Stop Loss above 780
Target 1 - 656
Target 2 - 600
Target 3 - 520
