JSW Steel - Negative Divergence and Double Top FormationJSW Steel - Double top formation and Negative Divergence found at the same level. It indicate that price will correct up to Rs 315 or FR Level 38.2%.
Most of the pattern, divergence and candle confluence that JSW Steel will fall. If we understand candlestick carefully then we can see rejection from the
upper level and formed candlestick pattern like shooting star, Gravestone Doji in weekly basis and previous candle was variation of Bearish Engulfing on daily basis.
JSW Steel Short Sell
Sell Below 388
Stop Loss 427
Target 360 & 315
JSWSTEEL trade ideas
JSWsteel | Three Line Strike Candle stick Pattern spotted 🎯⭕ Positional Trading opportunity! 4hrs Chart Alert !!!⭕
--Buy Above =411 or CMP
--Target = 426.95 | 451
--Stop-loss = 393.90
--R:R =2.34
--Expected Profit = 9.78 %
--Expected Holding = 30 days only
#ThankU For Checking Out Our Content, We Hope U Liked It 🎈
======================================================
⭕Technical Reasons to trade or Strategy applied:- ⭕
1) Stock has formed flag pattern & has given the breakout
2) Three line candlestick pattern is observed clearly in the chart
3) Volume is good enough
4) Target is based on Fibonacci levels & pattern height & resistance level as well
______________________________________________________________________
Why to follow............. #TradeTheTip ?
📍No junk in our charts
📍Follow-up updates till the end
📍Detailed Price Action Analysis
📍10+ years of experience
📍Accurate Support & resistance Levels
📍Covering Swing, Short-term & positional trading
📍Educational content every SUNDAY
________________________________________________________________________
DISCLAIMER Alert:-
❌ All posts are for Educational Purpose Only.
❌ Analyze your own before Considering mine.
❌ Know your RISK & HOLDING capacity.
❌ TradeTheTip is not responsible for any of your profit/Loss.
------------------------------------------------------
Guys check out the related POST as well, it went FANTASTIC !
🙏FOLLOW for more !
👍LIKE if U find it useful !
✍COMMENT your views & feedback !
-----------------------------------------------
Regards,
TradeTheTip Global Research Pvt.Ltd.
Hidden Bullish RSI Divergence in JSWSTEEL for 474+ TargetIn today's trading session JSWSTEEL gives breakout of its previous resistance. Also, RSI indicating bullish divergence in stock. According to Fibonacci retracement level minimum target expected in JSWSTEEL is 474+ in the upcoming trading session.
JSWSTEELReadying for Breakout Above 285JSWSTEEL , has recovered from the pandemic Lows and It is both around 52WH and ATH
The volumes have grown significant over the last few weeks and is giving good momentum to the counter
A good close above 430 should bring in a significant upward move on this counter.
# JSWSTEEL
With Metal and commodity counters being bullish #JSWSTEEL becomes a good selection
Disclaimer : This chart is for Learning Purpose only , please follow your analysis and Position strategy for a enter to this counter
JSW Steel forming a Head and Shoulder patternJSW Steel is moving in a Head & Shoulder pattern but is yet to give a breakdown. If it sustains below 392 then it may fall till 365-370 level. View is negated if it moves above 408.
Disclaimer: - These views are for educational purpose only and not a recommendation.
Analysis of JSWSTEEL for 25 Jan. Take a look.After releasing Q3 Results it is expected that buyers will be more interested in JSWSTEEL. for long term investment it is ideal for investing..
Targets are given.. Take position according to you.. it can go up as well as down but according to me it will go upside because of good Q3 results. it have also a bearish engulfing candle and many other reasons to go down . soo , be prepared.
Plzz tell what you think about this analysis in comments.
Sorry but the t3 is black line..