JSW steel looking good for short term concentrate if at lower dip .. effective rally will be above 770
JSW Steel Cmp 721 dated 27-1-2023 1. Hammer Candle @ Support 2. Good RRR Buy above 730 for target 745-760-775 SL 710 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any...
The support which was tested multiple times has finally broken, Entry we can wait for the breakdown and retest then take a SHORT entry. Target Target will be the next support zone. Stoploss Above the breakdown candle high. Please don't forget to like and follow me. Thank you.
According to the chart pattern it seems to be hit price level of 650 within 3 Months, if it sustain above 730 will go all the way new 52 week high
Bearish double top formation on the chart. Details mention on the chart.
JSWSTEEL Key highlights: 💡⚡ ✅On 1hr Time Frame Stock Showing Breakdown of double top Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breadown target of 724-. ✅Can Go short in this stock by placing a stop loss above 756+ or last swing high. ✅After breakdown this can give risk:reward upto 1:2+.
Swing trading ideas lets, watchout for this stock and see how this trade works out taking support multiple times, Buy after breakout of resistance line, weekly support
In the Weekly chart of JSWSTEEL, we can see that it has formed a Bullish candle at last resistance. Also, 770-780 has been a major resistance and it has been respected multiple times. Go long in JSWSTEEL if you are planning to enter.
jsw steel cmp 731 upside 754 760 770 all educational purpose only
In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. There are three potential triangle variations that can develop as price action carves out a holding...
JSWSTEEL Cmp - 716.45 Sell On Rise To 725-728 SL - 742 ( Day Closing Basis ) Target - 670/680
This stock is expected to reach 615(support) by first week of March
JSWSTEEL looks good for shorting but the markets are bullish nowdays. Put it under watchlist. Can go short after retest.Personally taking short position tomorrow itself. Entry,TGT,SL are at charts. RR 1:2.7 not bad for a volatile market.(Educational purpose only)
It breaks the trendline and made the bearish structure so that we have to short it
Sell JswSteel Elliot Wave Pattern chart pattern elliot wave corrective wave NSE:JSWSTEEL
My Perception & the way I trade: JSW STEEL ( NSE:JSWSTEEL1! )-- currently trading in close range from previous Weekly High and Monthly high levels. Also from Harmonics' perspective - possible to test 774-777 levels before any kind of reversal. Which is also 0.786 retracement level. These levels are also in line with Prev Week/Month high levels. Add JAN 770...
JSWSTEEL has a supply zone of 745-780. Price is respecting the levels for 20 months. It has also formed an inverse head and shoulder pattern. It’s break out would lead to all time high levels.