JSWSTEEL trade ideas
Chart for Self - Analysis.Idea uploaded for self-analysis. Not to be taken as a trading opportunity.
JSW STEELPoster JSW steel yesterday. Single-day would've fetched you 7%-8% (30-40% with intraday leverage). Swing entry is still possible with SL around 487.
Jswsl good short candidateJswsl spot cmp 468
Bearish deep crab pattern formation..
view gets negated above 483 on 15 mins closing basis
Good short candidate
positional entryentry @ high of 55 day
keeping stop below 20 day low
targets - 505, 534
disclaimer - trade @ own risk
JSW steel looks bullish#positional
Buy jsw steel at 467
Add in dips till 459
Sl: 440
Tgt: 494, 530+
Timeframe: 1 months
JSWSTEEL Looks Good !!!JSWSTEEL : cmp: 440.55
A bullish engulfing kind osf pattern has been formed in daily chart.
Trading near the resistance zone of 445-447.
So good to grab on dips.
TGT 447/455.75/464.25
SL 426 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
JSW Steel Extended 3rd and 5th Waves and Channel ResistanceStock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves.
The channel has been drawn between mar 2020 lows and previous all time high.
Now V of 5th is ending diagonal and Negative divergence seen on MACD.
Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more.
Alternative to this analysis If stock moves past 460 it can head towards next Fibonacci extension points 485/524
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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JSW STEEL LONGIt had been in a range now it has given a breakout. One can take a aggressive long entry, or wait for the next candle if it is a Dozi, it might indicate a breakout failure, which can trigger good selling, then one can take short positions on intraday basis, keep this in your watch list
JSW Steel 23rd March ( Intrday Price Action )A Simple Price Action Strategy for Tommorow in JSW Steel
If it Breaks 445 Level & Retest Buy with a SL of 441 & TGT of 449 , 452 & 455
Only For Learning Purpose |
#SOUND_OF_METAL #BANG_ONHold Disc: May have a family or personal holding in ideas shared, be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy or investment discussed herein. Investments involve risk.
Strongest among MetalsJSWSTEEL is strongest among Metal stocks. It has given a price break out with volume. Should be good long candidate, however, any pullback will make it a good R:R opportunity.
JSW STEEL Positional Trade Breakout JSW STEEL Breakout With Heavy Volumes After 30 month long time duration keep it mind this is the long time frame trade around two to three year period my first target is 615 second 914 third is 1213 keep SL 410/400 range above 440 I’ll add more qty....
