JSW STEELJSW Steel in bullish mode. Target we expect 930. It's traversing in Bullish channel pattern. Broke and retested cup and handle pattern.
JSWSTEEL trade ideas
jsw steel waiing for brCKOUTJSW STEEL STOCK WAITING FOR BRACKOUT.now its consolidated in one chennal pattern...its brck the chennal patter....
JSW STEEL- Bull run 2.0?We have seen an amazing bull run in JSWSteel during the metal sector rally of 2020-21.
Since then, stock has been consolidating with 770-780 acting as a strong supply zone for the stock.
However, the stock has recently taken support from a 3 year old trendline and currently standing at the same supply zone.
If the stock manages to sustain above 780-800 for a couple of weeks , it will confirm a breakout of a flag consolidation and we can expect Bull run 2.0 in this stock as well as other metal sector stocks.
Note:- Metal sectors are cyclical in nature. Please invest/trade accordingly. This idea is shared for educational purposes only and should not be taken as a recommendation.
JSW Steel completed the rounding bottom pattern DailyTimeFrameJSW Steel completed the #RoundingBottomPattern on #DailyTimeFrame.. above 850 looking good for 950-960 targets
Jsw steelMetal rally started
Big breakout in Jsw steel
10 percent rally psooible from here
once cross 847 big surges
Option traders 860 ce
JSWSTEEL Bullish; above 846 on Monday 11 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders book profits at this stage
Stop Loss: @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
decending wedge can give upside move of 6-12 %Jsw steel price breaks an important resistance level and previous day volume spiked price action is Good in this chart as a descending broadening wedge is appeared so we can trade this after confirmation when the price sustained that level and after the increase in volumes We can make position for a target of 5 to 12 percent.
fii / dii data is also positive
JSW STEEL- 04/11/2023JSW STEEL is look like a very bullish because It is farmed channel pattern this pattern is giving very accreted result .
we have to maintain sl@723 my first target@800 and second target@840
this is only for educational purpose. please check your own analysis before you take a trade.
JSWSTEEL BO [DAILY]JSWSTEEL breaking out with volumes in early part of the day, today might be strong movement considering already volumes are 40% higher than average and a break out has happened which will attract more people to the stock as it comes up in various screens.
Keep in the list.
JSW steel -long after 3 higher highs formation price is clustering above 200 day EMA
yesterday the price crossed both 18 and 200 day EMA
6 day EMA rssoing 18 day EMA
overall looks bullish
similar pattern is marked =april 2023
JSW Steel Swing ShortJSW Steel CMP 754.8 dated 9-11-2023
Sell below 751 target 720-698
SL - 770
It is just a view, please trade at your own risk.
Last rally before the fall beginsThe current rally in the counter can go all the way to 61.8% at 772. The divergence in the RSI further confirms that this rally is on cards. We will look for reversal signals again around 772 where it will also meet with trendline resistance.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: JSWSTEEL
🔍 Description: Stock is in a broadning pattern. We might see huge upside after breakout.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
JSW STEEL JSW STEEL looking good above 799 in weekly time.
buy after above weekly candle close
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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JSW STEEL UPCOMING CRASH OR BULL RUN?jsw steel upcoming crash/bull run chart . is it bull run or big crash, just wait and watch, this is chart pattern of jsw steel
JSWSTEEL - Put it in your watchlistMy analysis of JSWSTEEL. The stock could give a positive breakout in the coming weeks and if that happens you could see upside in the stock and expect it to reach around 900.
It is one to keep an eye on.
JSWSTEELtechnical analysisDear traders....
JSWSTEEL perfect swing seeing.
volume break out
value break out
JSWSTEEL
Prices are re-testing its breakout zone (770-790).
Sustaining above 770 would keep bullish outlook intact.
Prices in a new high territory, so it’s a Buy and Hold.
CONCERN is that Weekly RSI is yet to move past 66.
A Weekly Close below 770 would extend correction to 680.
