swing buy setup on JSWSTEELONLY FOR EDUCATION
TRADE BASED ON
1. PRICE ACTION
2. RSI STRATEGY
3. FIBO STRATEGY
JSWSTEEL trade ideas
#LETSTALKABOUTMARKETS - JSW STEELThe stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up.
1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart.
2. Bollinger Bands - The stock should close below the Bollinger band and might drift towards the average line.
One can take a short set up with a strict Sl at 333 with a target of 300. This is purely for educational purposes.
JSWSTEEL Analysis for IntradaySee the chart for levels and targets. Watch the candles for breakout.
Trade with stopless.
Are we suprorised with the correction in JSW Steel?It was clearly overbought. Still, fundamentally a great company. Could be an option to accumulate at the bottoms.
JSWSTEELA break form the current levels , stock might move down to 309
Stop loss : 325
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position.
JSWSTEEL BUYMetals are perhaps resting for a fresh rally. JSWSTEEL looks in good uptrend. It is in some correction mode. You can accumulate till the time it is holding support. Targets can be in the range of 320/360/400.
Please use proper money management rules and strict stoploss.
This idea is for educational purpose only. Kindly consult your financial advisor before investing.
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[Positional] JSW Steel Retracement BetAs per the charts. It already had a breakout. I am betting on the retracement. Today we also have results.
Swing LONGSTRONG CANDLE CLOSING IN WEEKLY AND DAILY TF
VOLUMES ARE GOOD AT BREAKOUT
NIFTY METALS ARE LOOKING BULLISH
Will be a Party to the #Metal rally but after a pullback It has given a breakout with NIFTY 50 spread chart. Steel Sectors are showing a cyclical rally.
JSWS STEEL Testing multiple tops and is likely to breakout above the rectangle. Still above the Cloud and holding well.
Charts reading and posting are for my own trading purpose. Not a SEBI Authorised Advisor.
JSW Steel strongly bullish on daily.Chikou span has bounced off from the price line.
Prices are beautifully above all ichimoku components.
Tenken, Kijun, Senkou A and Senkou B are all inclined upwards.
TK Cross in the past week.
Future kumo is bullish.
Price momentum has been validated by spike in volume.
Hidden billish divergence on RSI suggests that uptrend shall continue.
JSWSTEELOn the way to breakout... Wait for breakout..... Bullish above 315.
Levels mentioned on chart...
Least noisy chartWeekly charts are least noisy. They help in getting clear long term image of the stock.
Please tell me in the comments, What do you think of this stock?
Want to make money along with me?
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JSW STEEL - Ascending triangle bullish breakoutNote: This is for educational purpose only. Do not trade F&O based on this analysis.
There seems to be a bullish breakout after tight build up near resistance for 42 days. This signifies that bullish pressure is more and hence, the price did not fall down. Moreover, breakout is is with high volume. RSI is at 69 which indicates bullish momentum but at the same time it is nearing overbought zone. Hence, there might be a slight pullback/ side ways movement before the next upmove.
JSW Steel - BreakoutBreakout with high volumes while news that metals are doing well fundamentally as well.
Long as CMP. SL below 295.
