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JSW Steel LimitedJSW Steel LimitedJSW Steel Limited

JSW Steel Limited

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JSWSTEEL trade ideas

Continuation of multi year breakoutFrom April 2020 stock has been in uptrend and it has been supported by increase in steel price due to steel commodity super cycle. Since May month stock has been consolidating in a channel and Forming Flag, Currently stock has given fresh breakout from a channel. at current level if stock consolidates for few days above upper level of channel then it would be considered as breakout and retest any upward momentum from there would give confirmation of Bullish Trend. NSE:JSWSTEEL
NSE:JSWSTEELLong
by dushyantagola
JSWSTEELJSW Steel Limited is a holding company engaged in the business of production and distribution of iron and steel products. Current price is less than the intrinsic value Stock doesn't offer attractive dividend returns Low probability of default in next 12 months Stock has been generating better return on equity than bank FD PE Ratio 19.95 Largecap With a market cap of ₹1,57,799 cr, Over the last 5 years, market share increased from 12.22% to 15.78% Over the last 5 years, debt to equity ratio has been 155.59%, vs industry avg of 171.39% Over the last 5 years, current ratio has been 79.64%, vs industry avg of 79.42% Stock is 2.39x as volatile as Nifty Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:JSWSTEELLong
by SENSITRADE_T