Trade ideas
Jsw why it is not a downtrendNSE: JSWSTEEL
Time Frame :- 1 Day
Patterns Name :- Ascending Triangle
Conclusion :-
A Ascending pattern which is a Bullish Pattern and a signal before the Uptrend which most probably shows up a Up trend .
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Based on Your Own Risk this is only to Show you the Current Pattern
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Made By MAYANKTECHRESEARCHING
Have a Nice Day to you all
JSW Steel enjoy before the storm beginsNSE: JSWSTEEL
Time Frame :- 1 Month
Patterns Name :- Double Top
Conclusion :-
A Double Top pattern which is a reversal and a signal before the downtrend which most probably shows up a down trend .
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Based on Your Own Risk this is only to Show you the Current Pattern
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Made By MAYANKTECHRESEARCHING
JSW STEEL AnalysisGaps pending
Downside: 552.50
Upside: 602
Supports: 571/566/559 & 552.5
Resistances: 576.9/583.25/593.9 & 602.95
Conditions applied:
Con 1: If we witnessed Gap up opening nearby 583.25, Wait for breakout & then take long position accordingly with the given levels.
Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.
Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.
Note: OI & Volume to be considered in all the trades.