GAME OVER FOR JSW STEEL ???Shooting Star Observed On Daily Charts, Sell It With SL Of 352.1, Closing Price Is 341
JSWSTEEL trade ideas
One Last Move ( WoJibe fa ) Hi Friends this script is moving for one last move up to complete one cycle degree of wave Count
you can buy on Open and Stop below the Friday Low and Look to trail the stop on daily low basis
buy in Cash and with less investment like 10000 INR or some thing similar
Book at the forecast
Good Luck
JSWSTEL, Real-Time illustration of complete ElliottWave-Cycle!For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart:
The impulsive move
The corrective move.
Motive Cycle:
The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary;
It takes the form of 5+3 wave = 8 Wave patterns.
It has the three waves 1, 3, 5 moving in the direction of the trend, the motive waves, and two waves 2 and 4 which move against the trend.
Waves 1, 3, 5 can further be divided into five smaller wave s each while 2 and 4 into 3’s.
Corrective Wave Cycle:
The corrective wave comprises 3 waves moving in the opposite direction of the initial trend. Corrective patterns Elliot wave theory summary;
This wave pattern can never move beyond the origin of the previous impulse wave.
The letters a, b, c are used to label these waves respectively.
=================RULES======================
The 3 main Elliot wave rule s trading Elliot wave.
Wave 2 never retraces 100% of wave 1
Elliot Wave 3 is never the shortest wave in a completed 5 wave sequence.
Wave 4 cannot retrace into wave 1
JSW STEEL 30 min tftook major support from its structure support and 200 ema on 30min time frame, we can enter with a strict stoploss and keep trailing our stoploss if price action worked in our favourable condition
JSW steel to take long entryJsw steel is in uptrend in all TFS. Take long entry between 325-330 TGT 350 SL 312. on daily stock is well support taken the 20 EMA. Expected once again to bounce back.
This is for your educational purpose only.
JSW STEEL.. raising wedgeJSW STEEL forming a rising wedge with higher high in price and rsi finding resistance at the previous top.
expecting a test of 20 dma to start.
immediate supprt at 326 327
note: this is just for reference and study purpose. do your due diligence before trading or investing
JSW STEEL----SELL BELOW 341, SL- 343.5.1st confirmation:- Double Top in JSW STEEL.
2nd confirmation:- Negative Divergence at 1H TF.
