JSWSTEEL trade ideas
JSWSTEEL ROUNDING BOTTOMNSE:JSWSTEEL
Formed ROUNDING BOTTOM on Chart.. facing Resistance around 770-780.
Keep in your Watchlist and look for Breakout.
There will be 2 possibilities of Breakout which are shown in Chart.
after succesful Breakout one can initiate Long Position with SL below Support for 840-850 Positional..
**EDUCATIONAL PURPOSE
Buy JSW Steel for the target of 790Buy JSW Steel for the target of 790 on positional basis.
SL would be 725.
jswsteel will be 1200 level in september endtechnically speaking if flag and pole breakout comes
return will be same as height of pole
and time period will equal to time period it took to create a pole
it may come to 1200 level in september
JSWSTEEL - Price and Trend SetupStock has reached ATH once again and testing resistance created on top. As Metals were in upstream from long there could be many who might have bought stock while it was near ATH. Selling or Supply can be seen around top, a breakout could lead to false breakout therefore watchout before jumping into breakout trade.
JSW STEEL BREAK OUT AND GOING FOR BIG UPMOVEJSW STEEL CMP 762.5, GAVE Flag Breakout at 762.5 and big move expected with targets of 870/980/1100. Positional Buy with SL of 729
JSW Steel Cmp 763 dated 5.8.2021JSW Steel Cmp 763 dated 5.8.2021
1. Ascending Triangle BO @ 765
Buy for a smaller tgt of 800 SL 750
higher tgt of 890 SL 730
It is just a view, pls trade at your own risk.
#JSWSTEEL BreakoutJSWSTEEL has attempted to breakout from the long consolidation after two months, if the opening price can sustain above today's closing price, then rally will be towards 800+ in the next one month. If the breakout fails, the support at 650 is strong enough to buy more. I am bullish on JSW Steel for the next 30 days as NIFTY METAL has formed a similar breakout pattern. ADD JSWSTEEL with a SL @ 740 for short term and SL of 650 for long terms.
JSW STEEL- Getting ReadyJSW Steel Daily chart.
Range contraction is happening, once we break above 773-775 levels , we can see good upside move in this.
The Ascending triangle most often appears in an uptrend and it is considered a continuation pattern.
The analyst must simply look to see the direction of the previous trend and then make assumption that the previous trend will continue.
Note = Get in the habit of focusing on your trading system and following the process for entries, exits, and position size, rather than the money you are making or losing at any particular moment
JSW STEEL 1hr analysisJSW STEEL has broken the resistance and
now it's retesting the level, it's highly possible
that it may bounce back from here
and the target can be 755 and 770
JSW STEEL FORMING A ROUNDING BOTTOM CHART PATTERNAfter making an ATH of 773 it started to form a Rounding Bottom and is nearing the same Resistance Zone around 766-774.
Potential to retrace from here.
It has to break this resistance to see further upside.
JSW STEEL LTD.JSW STEEL LTD.
DATE - AUG 05, 2021.
In todays session JSW STEEL ltd. gives a breakout of previous swing.
Stock trading in 52 week high zone. Worldwide METAL sector is in boom.
JSW Steel - About to breakout of 52W/All-Time highJSW Steel was making higher highs and higher lows for a few weeks, and has been in a consolidation phase, forming an ascending triangle pattern.
It has shown a minor break out of the resistance, and now if it follows through, it can soon cross the 52W high for levels of 810 and 894 respectively.
The technicals are also giving a bullish bias for the stock.
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Trade with good breakout concept !jswsteel : 763.25
trade set up :
1. buy above 766
2. keep stop loss as 735 on closing basis
3. targets expected 860+
technical buy set up :
1. rectangle
2. double top breakout
3. volume
note : good bullish structure with stock price
& consolidating before breakout .
with technical there is additional good results (Q on Q)
time frame one month.
On the verge of a breakout - JSW SteelThe stock was in a consolidation mode for the past few months and now on the verge of a breakout.
JSW Steel - On the verge of a breakoutJSW Steel had a great run few months ago and was in a consolidation mode the last months. It is now moving towards the upper end of the range and the stock is looking strong to make a breakout. If the stock manages to give a strong breakout, it can have a good rally from here.
Intraday Trade: watch for Inside candle breakoutbuy above 760 in intraday.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
accending triangle jsw steelif break 740 bullish sign can be seen. accending triangle form. strong support of trendline is seen in chart
Break Out done and restested!Break Out done and restested on Daily Time Frame. Looking good for 773/800 as next targets. Consider for a Swing Trade.
