JSWSTEEL trade ideas
JSW STELL BREAKOUT and H&S PATTERNHello guys hope you are doing good today, in yesterdays post I asked you guys to short TECHM and it ave a good profit in nitraday as it fell more than 40 points and target 2 was hit. Same case with WIPRO, all I.T stocks looking weak.
Now speaking of this script that is jswsteel I see that there has been a breakout with good volumes, this once tries to give a breakout few days ago but failed.
Now it has given a breakout above the counter trendline with good volumes
An inverted head and shoulders pattern is also seen here.
Buy above - 689
Targets mentioned in the chart above.
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
JSWSTEELNote:
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...
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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...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
JSW Steel - Price action analysis - Looks very bullishThis is an analytical view based on price action.
Refer Fib levels for series of targets. Final target target is in sync with:
1.Trendline from Feb 2020
2. Pole length of Mar-May 2021
3. Fib target of 3.618 marked from the recent swing high and low
Post your view on this analysis for a healthy discussion.
Note: This is my personal view. Am not SEBI registered. Please do your research or consult your advisor.
Falling Wedge Pattern Breakout in JSWSTEELOn Daily TimeFrame, JSWSTEEL given breakout of falling wedge pattern. After this breakout it indicates some retracement upto breakout level in last 2 days trading session. Expected it will reversal from this level and continue it's breakout rally towards the projected target 725 and 775+ in upcoming trading sessions. Can Go long above 670 for this targets.
JSW Steel - Sell opportunity below red lineChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.