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JSWSTEEL trade ideas
JSW STEEL - Ascending triangle bullish breakoutNote: This is for educational purpose only. Do not trade F&O based on this analysis.
There seems to be a bullish breakout after tight build up near resistance for 42 days. This signifies that bullish pressure is more and hence, the price did not fall down. Moreover, breakout is is with high volume. RSI is at 69 which indicates bullish momentum but at the same time it is nearing overbought zone. Hence, there might be a slight pullback/ side ways movement before the next upmove.
JSW Steel - BreakoutBreakout with high volumes while news that metals are doing well fundamentally as well.
Long as CMP. SL below 295.
BREAKOUTSEEMS LIKE BREAKOUT
HOLD IT'S SUPPORT....
PROBABLE UPWARD...
DISCLAIMER:
ALL MY POST ARE FOR EDUCATIONAL POURPOSE NON DIRECTIONAL AND NON ADVISORY
Swing / Intraday SetupComing close to a very good level to enter for SWING or Intraday.
Wait for it to cross 295 and confirmation on 15 would be great entry for the target of 312/325 with minimal SL of 290. Keep on trailing your SL on every 5 points movement.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
JSWSTEEL SELL ? POSITIONAL IN FUTURESJSWSTEEL :
POSITIONAL SELL VIEW
SELL THE STOCK IN FUTURE AT 298 TO 300:
KEEPING SL AS 325:
SL IS STEEP ...
FOR INTRADAY SL AS 305
TARGETS :
288/282/274/261/
AGGRESSIVE TARGETS :251/244/236/222
On the way to breakout to new zone !!! JSWSTEEL
Buy JSWSTEEL above Rs. 296 for the Targets of 314 and 340 ....
Stoploss- Rs. 273
Comment your Views....
Thank you,
Vishwajeet Sharma
JSWSTEEL : WHY ARE CONFUSING RETAILERSOn this chart I have placed ICHIMOKU to complicate viewers, just to let you know that these type of charts u would find on twitters but realiity is, its a simple chart but confused with putting ichuoku on it. this ichu has no meaning on it. My students know it very well
my view a small resistance of that line if breaks, expect strong up move.
my view only may be 100% wrong
JSW Steel looks to be in BuyZone with good Risk and RewardJSW Steel looks to be in BuyZone with good Risk and Reward
JSW Steel at resistance - ShortPrice reached the top as discussed in our previous charts. Now look for sell trade as the price reached the resistance levels. Go with small stoploss after confirming the reversal.
If you want to go long then let the price closes above the dotted line then think about going long.
JSWSTEEL - Bearish Bat - 1D TFBearish Bat pattern forming on Daily Chart of JSWSTEEL. SELL 278, SL 300, Target(s) - 261, 255.
JSW steel looking weak You simply can't ignore the fact that the steel prices are too high, but at the same time companies are saying that they are seeing some revival in demand. The 200 Day EMA can act as a helping hand to bulls but since the last trendline breakout the stock is continuously making lower high and lower lows if that stays true, then there is still some correction left. I have mentioned the levels but if things go differently trade accordingly.
