JSWSTEEL trade ideas
LONG Opportunities for 12-16 AprThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
JSW Steel Weak
It has formed double top on a very short time frame.
But the RSI also formed two tops.
The second top is lower then the first one which means lesser people tried in making the second top.
The tells us decreasing interest in the stock after breakout.
There has already been a big rally and we can expect a consolidation in metal stocks soon.
JSW STEEL first Target doneCheck it attached posted chart on march for positional trade my first Target was done 615
I’ll exit half of qty rest trailing stop loss at 580
For target more upside 100 point from CMP
DAILY SWING CALL // Friday 22nd of March 2021 / NSE: JSWSTEELDAILY SWING CALL // Friday 22nd of March 2021 / NSE:JSWSTEEL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 440.6
TARGET: + 507+(15% Around)
STOP LOSS: 396 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Chart for Self - Analysis.Idea uploaded for self-analysis. Not to be taken as a trading opportunity.
JSW STEELPoster JSW steel yesterday. Single-day would've fetched you 7%-8% (30-40% with intraday leverage). Swing entry is still possible with SL around 487.
Jswsl good short candidateJswsl spot cmp 468
Bearish deep crab pattern formation..
view gets negated above 483 on 15 mins closing basis
Good short candidate
positional entryentry @ high of 55 day
keeping stop below 20 day low
targets - 505, 534
disclaimer - trade @ own risk
JSW steel looks bullish#positional
Buy jsw steel at 467
Add in dips till 459
Sl: 440
Tgt: 494, 530+
Timeframe: 1 months
JSWSTEEL Looks Good !!!JSWSTEEL : cmp: 440.55
A bullish engulfing kind osf pattern has been formed in daily chart.
Trading near the resistance zone of 445-447.
So good to grab on dips.
TGT 447/455.75/464.25
SL 426 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
JSW Steel Extended 3rd and 5th Waves and Channel ResistanceStock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves.
The channel has been drawn between mar 2020 lows and previous all time high.
Now V of 5th is ending diagonal and Negative divergence seen on MACD.
Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more.
Alternative to this analysis If stock moves past 460 it can head towards next Fibonacci extension points 485/524
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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