JSWSTEEL trade ideas
JSW STEEL SWING CANDIDATEGIVEN TRENDLINE BO,
RSI AND VOLUME SUPPORTED
BUY 724 . SL 688 , TARGET 740 , 770
JSW STEEL- Small BreakoutJSE STEEL has given a small breakout of trendline and horizontal resistance. Lets hope for a small target.
JSW STEELToday it's given the POLE & FLAG pattern breakout on daily chart. so we can go long on this.
Flat Pattern in JSWSTEELJSW Steel has formed a flag pattern in the daily timeframe.
First Target 732
Second Target 774
SL 655
Note: Educational purpose only.
JSW Steel making Flag and Pole PatternAs the title says JSW Steel is making a Flag nad Pole pattern. Wait for it to break its Trendline. In the picture you can see a Flag and Pole Pattern with 3 zones to help you to select your SL and Target.
PS: I'm not a SEBI registered Analyst.
Pushing up?Inverted head and shoulders pattern formation.
Standing at neckline.
Possible breakout.
If sustains level after retest, a good up-move can be observed.
Can be bought above 733 after retest.
Target 1 - 754
Target 2 - 773
Note:
1) For educational purposes only.
2) Please check before following.
Analysis of JSW STEELCHART ANALYSIS OF JSW STEEL
Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels
• ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels.
• MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target -
725
736
771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.
JSW Steel to take long entryLong JSW Steel above 704 Target T1-735 T2-765 SL 685. Entry taken above the resistance line. Good risk to reward ratio. This is for your educational purpose only.
JSW SteelJSW Steel looks bearish.
1) might continue forming the flag.
2) In case of breakout of the red descending channel, caution is advised as price action may reverse from the upper trendline of green rising channel.
3) Further Zone from 717 to 737 may act as resistance.
4) Volumes have been decreasing on 4 hourly chart.
JSW SteelJSW Steel looks bearish.
1) might continue forming the flag.
2) In case of breakout of the red descending channel, caution is advised as price action may reverse from the upper trendline of green rising channel.
3) Further Zone from 717 to 737 may act as resistance.
4) Volumes have been decreasing on 4 hourly chart.
JSWSTEEL: 67 Days of ConsolidationNSE:JSWSTEEL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
JSW STEEL LOOKING BULLISH JSW STEEL(D): 1) BULLISH SYMMETRICAL TRIANGLE 2) BULLISH MARKET STRUCTURE 3) RSI & MACD ARE BULLISH. T: 755, SL: 638.
channel breakout ( WAIT FOR THE CANDLE TO FINISH GREEN)channel breakout in JSWSTEEL ( WAIT FOR THE CANDLE TO FINISH GREEN)
#JSW STEEL #READY FOR BOOMMETALS ARE ON VERGE OF BREAKOUT.
BULLISH.
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
