JSW Steel (JSWSTEEL) is ready for breakout on weekly chartWeekly chart shows that consolidation period is almost over and its ready for breakout. Trade as per advice from your advisor.
JSWSTEEL trade ideas
jsw steel5 ema cross 13 ema
8 ema cross 13 ema
weekly monthly rsi greater than 60
daily rsi greater than 40
a good candidate buy for short term 5% up
educational purpuse only
#JSWSTEEL Analysis For SwingJSW steel is performing too well from starting of 2021 but get slow down in mid 2021 till now. NSE:JSWSTEEL
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JSW STEEL has a 2 very big Bearish RSI Divergence on Daily Timeframe.
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If you look at NIFTY METAL at the same timeframe you'll find same kind of divergence that indicates strong conformation to this trade.
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JSW STEEL has taken resistance from 770 to 785 Often.
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Along with this i have shared my previous analysis of NIFTY that show same kind of RSI bearish divergence from 18300 to 18400. NSE:NIFTY
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ADX has Shown some Weakness at its resistance level which shows Bulls are not making more positions at resistance so this make less possibility of up side breakout.
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Right now JSW STEEL is at Support of 50 Moving Avarage, so if it break this support we can make a short position in NSE:JSWSTEEL .
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Target Could be 200 Moving Avarage, And stop loss is above resistance level
JSW STEEL JSW Steel Ready to break out. Multiple time faced resistance price of 769 to 775. Once break out with the volume. it will shoot like rocket.
Keep Eyes on JSW Steel.
note : this is only for education purpose. do your own analysis before taking any trader and consult your financial advisor before taking any trade.
JSW STEEL short term trend analysisEarly from low of mid june JSWSTEEL scrip is rally in 5 five sequence
the fifth wave formed as ending diagonal with truncated internal sub wave of 5, a truncated wave formed means it cautions impending price move as sharp raise/fall. in current case bullish ending diagonal with truncated fifth wave means sharp price fall is expecting.
Entry: below 727
Target: 670 /630
Protective Stop : 760
Disclaimer: Please be aware of risk and take positions as financial instruments are risky to trade
Short can be initiated with SL of 760Short can be initiated subwave C of for major wave 2 for cycle started from covid low.
JSW Steel - Need to sustainJSW Steel :
Sustaining 770 levels (Previous Rejections) is crucial for further up move and for all time high
Breakout in JSW_Steel After a consolidation JSW_Steel has given a breakout, best for intraday trading __ SL at 755 , minimum target 775.
#Jswsteel cash : Looks good above 750.10#Jswsteel cash for 7 days
12.Dec 2022
Looks good above 750.10
and dips 742-43
Stoploss 735
Target 768/784
Cmp 741
CASH ACCUMULATION, WATCHOUTJSW STEEL gave breakout of symmetrical triangle on daily time frame and re tested the level also, there are 3 targets for JSW for 5-6 months.
trade as per your setup and price action.
JSW Steel: Breakout ReadyRounding Bottom Formation.
Rising Wedge formation.
Trade: Buy > 736, SL: 730, T: 743/750
Sell < 727, SL: 733, T: 720/713
JSW Steel might reverseLooks like jsw Steel might fall more till 600 with sl 736
Findings: After sharp fall it is retraced for 0.786 level and shown sign of continuing down
Jsw steel shoild go down 72% of heigher high fail and we can spot a diversion.
I am 70% sure of it going down tomorrow.
JSWSTEEL - Ichimoku Bullish Breakout Stock Name - Jsw Steel Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 736
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Head and Shoulder pattern in hourly time frame - JSW SteelCall me an obsessed analyst but, I simply love Head & Shoulder pattern. They come in my dreams as well. :D Either way, I spotted this pattern in hourly time frame in JSW Steel chart. This one is not entirely bookish but, what is this life is bookish anyway? Let's see if this madness has a reason worth being mad for!
Best of luck.....
My view on JSWSTEELJSWSTEEL
Giving Flag pattern breakout
Above 723-24
Looking tgt 730-35-40++
Keeping on radar Jswsteel 730 CE dec.
Bullish flag pattern Breakout in JSWSTEEL.JSWSTEEL
Key highlights: 💡⚡
📊On 1 Time Frame Stock Showing Breakout of bullish flag Pattern.
📊It can give movement up to the Breakout target of above 770+.
📊Can Go Long in this stock by placing a stop loss below 714-.
JSW STEEL - ASCENDING TRIANGLE BREAK OUTStock has broken a key weekly resistance.
Price has retested the resistance as support & could be heading higher in coming days.
Metal index is on the verge of breaking out as well.
Thanks.
JSW STEEL --INTRADAY SETUP -- 21/11/2022JSW STEEL --15 MIN CHART --INTRADAY SETUP --21/11/2022
1. JSW STEEL on 15 min chart seen double bottom support formation at 700 odd level
2. Trendline breakout seen on 15 min chart at last closing hiekin ashi candle
3. stock seen upper channel currently where support of channel form at 705 level and resistance 715 -720 level , same as take as intraday support and resistance
4. trix line shown positive crossover .
5, one can initiate buy 705-708 for intraday target 715-720 -725 stop loss bellow double bottom line at 695
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING .!!
JSW STEELAfter a big rally of more than 100 rupees from 21 October - 2022 to 14 November - 2022, JSWSTEEL has faced resistance and started moving down.
As we know that this counter is in a big consolidation phase (accumulation or distribution) after it reached its all-time high of 771 which this counter tried to break twice at 776 and 790.
The given channel can be considered and any breakout above the channel can further move to the same level of resistance ((731.40) and upon breakout of the said level it can move till 764.75/776 and further it can reach its highest level 790.
This Scrip looks good to me for investment .
*The views are personal and not a recommendation of buy or sell. Please contact your financial advisor before taking any decisions*
Buy - PRICE ACTION TRADEPure Price Action Trade. Open for Discussion.
ENTRY: 641
TRAGET 1: 657
TARGET 2: 686
SL: 614
JSW steelPrice is moving within an upward channel. There are two ways to trade on it. Channel trade and channel break out trade. Sell below 708 with the stop of 712 for the target 704, 700 and 695. Buy above 714 with the stop of 710 for the targets 718, 723 and 728. Finding the trend strength only I will take the trade.
