JSWSTEEL trade ideas
JSWSTEEL - Intraday Trading Setup for 14 Aug 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor.
JSWSTEELIntraday Trade for Today ( 14-Aug-2020)
Sell JSWSTEEL Rs. 256 for the target of Rs. 250..
Stoploss Rs. 259..
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Vishwajeet Sharma
JSW Steel - Retracement will comeOn chart, it has created a bearish candle(daily). After a bull run, it is expected to retrace a bit.
If market is bearish on 14th Aug, expect this stock to retrace for few more days.
Target still pending - Hold on !!!Price breaks out symmetric triangle pattern and now into disjoint channel pattern, expecting a small retracement before reaching the triangle target.
JSWSTEEL SELL ? POSITIONAL IN FUTURESCMP 243
STOCK CAN MOVE UPTO 260 + LEVELS CROSSING 252 RESISTANCE
CAN SELL POSITIONALLY FOR GOOD RETURNS IN RANGE 278 TO 282 KEEPING SL AS 303
HOWEVER STOCK CAN REVERSE FROM INTERMEDIEATE LEVEL OF 262
TARGETS 252/244/234/222/212/BELOW 200 LEVELS
JSWSTEEL - TRADE SETUP FOR THE WEEKOverall sentiment - positive, bullish.
NO GAPS TO FILL DOWNSIDE.
Near crucial resistance level, upper previous gaps can be filled in upcoming days. A small retracement or profit booking can come in this week.
Support and resistance levels given
JSW steel - breakout missing volume - shortbreakout missing volume
sell from 236 to 238
easy target 227
t2 - 220
Disclaimer : This is my personal analysis for study purpose not intended for trading
JSW STEEL ANALYSIS 04.08.2020SELL 220
TARGET 213 TO 205
IT IS FORMED SPINNING TOP NEAR RESISTANCE LINE .SO FOR SELLING SIDE BECAUSE IT IS IN SELL TREND.WAIT FOR BETTER CONFORMATION.
JSWSTEEL - LONGJSW STEEL is trading in the same range for the last 3 days. This can breakout if it breaks above 222 if steel sector is positive.
JSWSTEEL - ASCENDING TRIANGLE PATTERN!#JSWSTEEL
BUY ABOVE 221.5
SL 100EMA
TGT 225.5/ 230.5/ 235
SELL BELOW LOWER TRENDLINE
SL 222
TGT 100EMA/ 200/EMA/ 400EMA
