JSW Steel (LONG) Flag and Pole BreakoutAs it has been long since the steel/metal sector is consolidating , it looks like now the sector is about to go tits up high and give gains like last year. #JSWSTEEL has broken the flag pattern and coming down to retest so its a buy situation as long as its price is above 667. NSE:JSWSTEEL
JSWSTEEL trade ideas
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalJSW STEEL LTD
On weekly chart Stock trading in DARWAS BOX
and on daily chart Pole and Flag formation
Stock trading at recent highs and trading at good volume; Expected good movement in coming weeks
Buy above 760 levels for 8-15% targets.
keep SL of 725 levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalJSW STEEL LTD
Stock has given trendline breakout on daily chart
Also Flag pattern formation was observed ...
Can be enter at CMP or safe buy above 705 levels
for positional targets of 740/760/770 levels
Note:
Above levels for Educational purposes only
Do your own analysis before taking trade
WATCH FOR ATH BO / FLAG BO / RB BO JSWSTEEL HAS FORMED A FLAG & POLE PATTERN IN A WEEKLY TIMEFRAME.
the stock is yet to give the breakout of the supply zone.
entry can be taken after the stock closes above the price of 766 in daily time frame
we can expect a 10 - 15% return on the stock.
ALSO CAB BE CONSIDERED AS A RANGE BREAKOUT
keep an eye .
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JSW Steel Ltd. Chart Analysis !!📈 JSW Steel Ltd. 📉
Today broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 760.
StopLoss should be kept at close below 660.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
#JSWSTEEL- Short term idea#JSWSTEEL- Short term idea
CMP - 721.35
Can be looked in the range of 670 to 685
OR
Only Above 730
Next Levels can be expected 740,760 & 770
View will be negated below 635
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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JSW Steel Ltd.JSW Steel Ltd.
JSW Steel Ltd is an Indian multinational steel-making company based in Mumbai and a part of the JSW Group. After the merger of ISPAT Steel, JSW Steel became India's second-largest private sector steel company. The current installed capacity of the company stands at 18 MTPA.
JSW's history can be traced back to 1982 when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company (JISCO). Soon after the acquisition, the group set up its first steel plant in 1982 at Vasind near Mumbai. Jindal Vijayanagar Steel Ltd. (JVSL) was set up in 1994, with its plant located at Toranagallu in Ballari, Karnataka, the heart of the high-grade iron ore belt and spread over 10,000 acres (40 km²) of land. Located 340 kilometers from Bangalore, it is well connected to both the Goa and Chennai Port. In 2005, JISCO and JVSL merged to form JSW Steel Ltd. The JSW Ballari plant is the world's sixth-largest steel plant.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock gives the breakout of lower high lower low.
2. Next resistance is near 770.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Steel & Iron Products
1. MARKET CAP - ₹ 1,74,366.20 Cr.
2. P/E - 9.64
3. P/B - 2.84
4. ROE - 19.75 %
5. ROCE - 16.89%
6. EPS - ₹ 74.81
7. CASH - ₹ 11,746 Cr.
8. DEBT - ₹ 49,000 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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JSW Steel (Detailed Weekly Analysis)JSW Steel (Weekly):
1. As Nifty Metal has given Breakout on Weekly charts, JSW Steel (which constitutes to be almost 14% of Nifty Metal) has also given a Flag and Pole Breakout.
2. Stock has given breakout after almost 300 days
3. Upper Bollinger Band on Weekly Charts is challenged
4. Also there is Positive Crossover of 5,13 Weekly Exponential Moving Average
Note:
1. The above analysis is for educational purpose