JSWSTEEL trade ideas
JSW Steel Buy opportunity at support zoneJSW Steel weak support at 673, strong support at 669. Keep track. Buy at support with target 750+
JSW Short term viewShort opportunity after it tests a crucial Daily level. Short term target- 680. Duration 2-3 sessions.
Buy Call for JSW SteelExplained in charts already !!
If you earn profit or loss from this chart please comment down below. So that I can get idea for the charts and its analysis.
As I have set targets it is based only Fib Retracement indicator and W pattern
Buying opportunity in JSW STEELBuying opportunity
Price has taken support at base line
Lagging span is also free
Future cloud is also green
Target 748,840,875
End run of Steel - Bearish view of JSW A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels.
But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area.
It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.
JSW Steel Bullish Hidden DivergenceClear cut bullish hidden divergence seen in 4h and 1d chart.
Lets see what happens
INTRADAY STOCK FOR 18 MAYJSW STEEL LOOKS GOOD FOR TOMORROW !
WAIT FOR CLOSING/RETEST ABOVE SUPPORT/RESISTANCE.
IF OPEN BIG GAP UP/DOWN THEN AVOID OR TRADE ACCORDING TO PRICE ACTION !
TRADE WITH PROPER RISK MANAGMENT !
FOLLOW FOR DAILY ANALYSIS
JSWSTEEL Short setup Inverted flag pattern plotted . Breaking the flag we can see price falling upto 643 and 633 levels .
750-800 is immediate resistance and support at 560All attempt would be done to break the previous high on the upside and in the same way attempt would be made to check the demand around 560. If 560 is held on a weekly basis, then we may reach the all time high else we may see the bottom again.
Shorting opportunity in JSW Steel. If opens below 756 , I believe its shorting opportunity. Channel already broken, waiting for the Support to break for confirmation. I am still learning Technicals, so please do your own analysis and let me know your thoughts in the comments below.
STOCK FOR FEW DAYS JSW STEELGood morning Friends , today we are going to talk about JSW steel stock looking good till it is above 738 level can go for long and hopeful to see new highs. for detail please watch video.
We are here to share our knowledge for educational purpose. we are not responsible for anything.
Regards.
10 may jsw steel will drop for intradayAcording to analysis JSW steel is in overbought zone as well as all the indicators are giving signal to sell, this prediction is only for 10 may not for the long term.
sell at 755
buy at 750,745,740
value will go down on Monday for sure for intraday trade. This info is backed up with various factors.
jsw steel monthly analysis as we can see steel sector is hugely bullish as there will be increase in demand in coming days.
We need focus on xd leg this leg can have 1.414, 1.618, 2.618, 3.14, 3.618 and now stock is headed for 2.618 and we need to see price action on each trendline in less timeframe and final target will be 3.618 levels.
goodluck
