JSWSTEEL trade ideas
Jsw steel weekly chart analysisJsw steel weekly chart analysis
trend analysis
for study purpose only
JSWSTEEL Ascending Triangle on 2H chartJSWSTEEL is forming an ascending triangle on the 2H chart. The stock has seen consistent supply in the 687-690 zone for the last few days. Once this supply is exhausted, bullish strength can take the prices up to measured move target of 750. We will be watching out for a breakout of prices from this resistance zone in coming days.
jswsteel long buy witjswsteel long buy wit
It is just a view based on demand/supply, pls trade at your own risk
JSWSTEEL trendline break. LONG!!JSWSTEEL has broken trendline and consolidate with a tail so it is looking good for a long position.
Entry CMP(681)
SL 657
Target - 770
JSW STEELJSW STEEL GAVE A BREAKOUT IN RECENT PAST OVER A SMALL TRENDLINE. It showed little consolidaton after that. Now it has made a nice symmetrical triangle after the consolidation. CMP- 690. WE CAN SEE A GOOD UPWARD MOVEMENT TILL LEVEL 700 FROM HERE. IF IT SUSTAINS THAT AS WELL THEN MORE UPWARD MOVEMENT .I have attached chart for your references.
JSW Swing Trade***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
jsw steel ....become real steel @ bullish Educational purpose only ......Keep an eye on jsw steel ...take best entry
JSW Steel 1D Time Frame AnalysisJSW Steel 1D Time Frame Analysis
- Price has already broken his ascending channel and give a huge rally of almost 300 within 2 weeks
- Now moving in this range for the last 3 months
- we can see a possible round bottom pattern here
- There is resistance at 750 zones and we have good support from 650 levels
- Completing Round bottom would push this to 850-900 levels soon
- Or it can keep playing in this 100 Rs Range
JSW Steel -- Bullish possiblity*For educational purpose only:
Strong company and had a huge bounce from support level. Wait for the breakout of the trendline for the up movement.
Jswsl good short candidateDouble top formation on daily time frame,,
neckline around 640-644 levels,,
need confirmation of breakdown below neckline,,
Good fall possible once structure is confirmed
Watch JSWSTEELNSE:JSWSTEEL
after fall from few trading session, its bounced back with good volume.
if it sustain above 670.
Next Targets 675-677, 682 and 690
3 reasons to buy || JSW steel1) Bounce from Horizontal channel support.
2) A engulfing green candle on support.
3) A 1:2 risk-reward ratio.
Can be bought for a target of 750-755 (12% opportunity). CMP-670 and SL will be 630 on a closing basis. Do FOLLOW for more ideas.
Long JSWSteeelLong in JSWSteel.
Shakeout pattern formed . aggressive trader can enter now and conservative trader can wait for price to retrace back to the mentioned leven take long position
My trades My setup and reason of Holding explainedMy trades My setup and reason of Holding explained. Reason why exit many trade and why i still holding many trades.
JSWSTEEL below 684 it has support at 615 below that can test 520.
need to stay above 685 for higher levels
JSW STEEL CHART ANYLISISJSW STEEL break the crucial support level ie. 660
Vikas Rao: Support tend line at 633
Vikas Rao: If it break then next support at about 600
Vikas Rao: 660 is acts as resistance now
JSWSTEEL LONGJSWSTEEL LONG
Around one month consolidation is over
Buy at CMP- 701
SL- 670
Target- 770, 835
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
