JSW STEEL Price Action.JSW Steel is given breakout from triangle pattern as chart shows. Recently it was tested 773 level and reverted from support which is return move. Now it may test level 860 our previous target and next level 1010 soon.
JSWSTEEL trade ideas
JSW Steel - ShortJSW Steel CMP: 809
If weekly closing is below 825 one can short
this can be pre-empted with SL of 830 (WCB)
JSW Steel breakout and retest is done. JSW steel has given a break out of the inverted head and shoulder and has also retest the neck line on the weekly charts.
The stock has formed a resistance around 830-835 levels and once these levels are cleared it can given good targets.
Positional and swing trades should be created only when the resistance zone is cleared on the weekly charts.
Levels and targets are marked on the chart.
Stock can also be purchase in cash for a longterm bet as the market are bullish and the stock can travel with the waves.
Levels to watch
Break out level :- 835
Support to accumulate stock :- 775-780
Watch for the weekly close as tomorrow it friday. The stock has given a fall for last three days and if it starts to run there will be a good opportunity as it is standing at 50 % fibonacci levels.
3rd time a charm. can price breakout.Price ready for new ATH. Closing above may give good upmove.
Maintain SL as per risk management.
BULLISH above 810 bearish below 810
If Buy 810 > 818 > 825
Sell below 810 > 806 > 801
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
jaw steel what nice chart pattern1hr tf
bullish view
hope it breaks out and takes away the prev high
jswsteelENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
JSW Steel Analysis Stock has given BO on daily chart, but volume is not attractive, entry and exit as per levels, metal sector positive sentiment moved stocks up.
Looking Good - On a way to New LTHHi All...
Greetings!
Today I'm sharing you JSW Steel Weekly Chart. it has been seen that JSW Steel has been continuously taking resistance from 773 levels.
In last week of July 23 it finally gave a breakout and last 2 weeks of August it tested the same 773 level which will now work as a support.
I'm hoping JSW Steel will keep on making new LTH now....
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
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Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
JSESTEEL Long Opportunity (Intraday)Price reacting from HTF DZ, We can go long as per FTF.
Trade at your own risk.
JSW steel- Looking good for short term IdeaBuy Around- 785-793
SL 775 on closing basis.
Target- 820, 825.
From there trail the SL, as it will try to make new 52 week high.
Note:-Only for educational purposes.
JSWSTEEL | Investment Pick📊 Details
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.
The company aims to expand its crude steel capacity from 18 MnTPA in FY20 to 45 MnTPA within the next decade.
In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India.
The company is the owner of single largest steel plant in India with a capacity of 12 MnTPA.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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CAN $NSE:JSWSTEEL will Break 780Dear Followers,
As Per Technical Analysis Looks Like NSE:JSWSTEEL Entering into Bearish Zone. if Mention stocks Breaks Support Of 785-780 then Probably it will try to take support Near 770 level but due to weakness if its break this level also then we can see downfall momentum.
Levels To watch
Support 1- 770
Support 2- 740
Support 3- 720
Self Buying JSWSTEEL 770 PE Aug Near 5, Sl 3.50, Target 8.50,10,12 Time Frame 3-5 Days.
Investment Required - 6750
Maximum Loss - 2025
Profit Upto- 9450
mention levels are only for Educational Purpose.
Best regards
Ajay Metha
JSW STEEL BEARISH butterfly looking once react the PR zoneJSW STEEL BEARISH butterfly looking once react the PR zone
JSW going for 1000 || Time for metals to shineAfter long term consolidation JSW steel is on verge of breakout. RSI is strong as well. Stock closed above HMA 200 (760₹) on weekly basis. Strong bullish signal.
Buy above 780 daily closing candle
Target 1000
SL 677 closing basis
RRR: 1:2.34
JSWSTEEL Ascending triangle breakout on weekly chart with good volumes, retested. RSI support at 60 levels..
Weekly Breakout - JSWSteelA candle with good volume has given a break out above the all time high level. Volume in weekly chart are very good. RSI is above 60 and has taken a support on 60 level as well showing good Momentum and strength. Monthly chart RSI is also strong. Looks good to go high
JSW STEEL ASCENDING TRIANGLE PATTERNPlease note this is for education purpose only. Please do own research before you take a trade.
Bearish Butterfly In JSWSTEELBearish Butterfly In JSWSTEEL
Sell PRZ - 808/812
SL - 826
Target - 761/746
JSWSTEEL BREAKOUTHi Jswsteel Shows Strong Volume Spike Means Buyers Activated & Box Breakout ( Range Break), Good For Short Term Investment..
JSWSTEEL BREAKOUTHi Jswsteel Shows Strong Volume Spike Means Buyers Activated & Box Breakout ( Range Break), Good For Short Term Investment..
