Live Challenging Stock Market Analysis Buy JSWSTEEL @ 721.20Market Analysis
Live Challenging Stock Market Analysis Buy JSWSTEEL @ 721.20
Target1 @ 831.55
Target2@ 934.05
#stockmarket #IBULHSGFIN #sharemarket
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3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
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Trading with tamil
JSWSTEEL trade ideas
JSWSTEEL - Flag pattern (Swing 2-3 days) JSWSTEEL - has flag pattern and has potential for bullish trend.
My Trade ideas to either buy in breakout or buy at retracement depending on 06/02 chart movement
Breakout trade idea holds good only for 06/02. Else the level will change.
Retracement holds good for longer period.
Note - Sharing ideas for my knowledge and evaluating my conviction
JSW STEEL 1 HOUR TIME FRAME JSW STEEL 1 HOUR TIME FRAME BREAKOUT
JSW STEEL(POSITIONAL)
01-06-2021
TIME FRAME :1HOUR
ENTRY : 705-706 OR 714-175
STOP LOSS :
TARGET :729
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JSW STEEL LONGJSW STEEL is consolidating in this given price range one can accumulate with a very small stop below the range, below this range it can go till 643 range marked
this seems a retracement as global commodity prices are surging one can have a short target of 60 pips on the upside just before the peak
EXECUTE AT YOUR OWN RISK
HAPPY TRADING!!!
JSW Steel, SwingJSW Steel is forming a descending triangle. A break from the trendline can be traded for a target of 730 which is a high resistance region with a stop loss of 670. 673 level has support of 200 EMA, that's why SL can be taken at 670.
Make sure to trade what happens and not what you expect :)
Note: Please do not follow my idea blindly, please analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)
⭐ JSWSTEEL | Monday possible setup🔰 MY thought process :
⭐ Making an amazing descending triangle pattern after a really big move, a break of this trendline on 30mins/15mins = a possible good trade
⭐Plan: we want a break of 706 LVL with power and volume = a breakout of the setup = our trade gets activated :)
⭐Plan: Then we wait and do nothing :) that's the best way to earn money tbh :), people who start thinking what will happen exits the trade on a red candle which makes their trading career worse so just have faith in your RR management and keep an SL below that candle that's our small risk and targets are - 1)730 and if u wanna hold it than 760 are good ones :)
🔰Am I taking this trade: I might if I find it as planned :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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JSW STEEL BUYPRICE ON MAJOR SUPPORT
BROKE ABOVE DESCENDING TRIANGLE & RETESTED
FORMING A TRIANGLE IN SMALLER TF, BUY AFTER BREAKS ABOVE THE TRENDLINE
HAS TOO MANY PUT OPTION WRITERS AT 680 MAKING IT A MUCH STRONGER SUPPORT AND BUY BIASED
FUNDAMENTALS ALSO BULLISH, PERFORMED WELL IN QUARTERLY RESULTS
www.financialexpress.com
[Positional] JSW Steel Retracement BetMy view is actually downside but it can trigger upside too. If it does I will skip.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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JSW Steel Swing (daily)The stock was in down trend since 18th May ( correction for the previous rally the stock had).
The stock gave a breakout on 25th May, if it gives a bullish daily candle, it is a LONG SWING for me
confirmations for the trade: breaking of the trend-line, correction done, volumes are looking good to me