JSWSTEEL trade ideas
Swing Setup in JSW Steel LtdAfter a strong breakout from Descending Triangle pattern, stock was in tight consolidation for some days and now has given breakout from previous resistance reaching to an ATH. Stock has also retraced till resistance which is now acting like support. A swing trade can be taken for 8-10%.
Bullish Flag pattern breakout in JSWJSW STEEL LTD
Key highlights: 💡⚡
✅On 15 MIN Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 900+.
✅Can Go Long in this Stock by placing a stop loss below 848-.
JSW STEEL 870-910-940FUNDAMENTALS :
1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y.
2. OPM at 17% V/s 11% previous year
3. Caution : Price to Book value is High as compared to its peers
Technical:
1. Price confirmed breakout and retest of Ascending Triangle on weekly chart.
2. Price Took support of trend line on weekly chart
3. 20 week SMA support at 810 and 50 Week EMA support at 782
4 . Price forming ABCD pattern on Weekly chart
5. Narrowing Bollinger bands on daily chart and price walking on upper band
6. Daily and monthly RSI above 60
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
JSWSTEEL : Booked a profit of 12.13% on the invested capitalI've decided to close my position and lock in profits as the price has reached a key inflection level. I'll be keeping an eye out for a potential re-entry if the price dips back down to the lower trendline of the higher timeframe parallel channel.
📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
For Long Trade $NSE:JSWSTEELMention Information is only for Educational Purpose.
Dear Traders,
I hope this message finds you well. I wanted to share my view on
JSW STEEl with you. I Think that this stock is about to give good brake out .Volume is also good
Stock: JSW STEEL.
Entry Point: triggered
Stop Loss Point : 840
Target Point: 880,930,960
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 04-april-2024, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions .Feel free to reach out .Your feedback and insights are always appreciated.
JSWSTEEL WEEKLY ANALYSIS 26-03-2024Happy learning with trading. I just shared my view. If correct give me one like. If not, correct me.
Points to Note:
1) parallel channel breakout POSSIBLE on weekly CHART time basis.
2) safe trader wait for trendline support area to enter long position around 770-780.
3) risk traders wait for CMP 815-820 if gap up opens.
I just shared my view.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Just A View - JSWSTEEL📊 Script: JSWSTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading near middle band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages will give crossover soon.
📈 Right now RSI is around 54.
📈 Stock is trading into narrow range which means consolidation which is highlighted into chart.
📈 Stock is trading between 794 to 845 rang.
📈 One can go for Swing Trade only above 845 level.
⏱️ C.M.P 📑💰- 845
BUY ONLY ABOVE 845
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
JSW steel raising wedge - The upper wedge line reached the maximum narrow area so, the price action moves to bottom line, which is also being narrow so, there is no space for rising further. Hence, the stock might come down.
This analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
JSW steel reversing to bullish move#JSWSteel DTF
price touched support and reversing to bullish move.
price forming HH, HL from Jun'22 (WTF)
now it took support from long support line and closed with good green candle with ok volume.
good for swing trade
Entry - CMP
Target - Previous resistance
Stoploss - below support line