JSWSTEEL trade ideas
JSW STEEL: TIME TO SHOW STRENGTHWAVE C OF CORRECTIVE EL WAVE HAS ALMOST COMPLETED AND WE ARE READY FOR IMPULSE ELLIOT WAVES NOW.
Q1 Highest Ever Profit & Revenue - Enough to bring ATH ?Stock is supported quite a times from 50 EMA and can go long to All time High after a very good Q1 results.
Q1 '21 Results -
Highest ever consolidated net profit at ₹5,904 cr.
Highest ever consolidated revenue at ₹28,902 cr in Q1 FY22, a 145 % rise as compared to ₹11,782 cr in Q1 FY21.
Result is more than 27 % from the estimation.
JSW STEEL WITH BULLISH POLE & FLAG PATTERNNSE:JSWSTEEL
SWING TRADE
POLE & FLAG PATTERN
FOR EDUCATIONAL PURPOSE
FALLING WEDGE PATTERN BREAKOUT - JSW STEEL bullish run chance -positive market vibe -pattern breakout
JSW STEEL Trading Setup1. Flag & Pole pattern
2. Channel breakout
3. Taking support at 0.618 fibo level
4. Strong Uptrend in Nifty Metal
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.
