JSW Steel looks to be in BuyZone with good Risk and RewardJSW Steel looks to be in BuyZone with good Risk and Reward
JSWSTEEL trade ideas
JSW Steel at resistance - ShortPrice reached the top as discussed in our previous charts. Now look for sell trade as the price reached the resistance levels. Go with small stoploss after confirming the reversal.
If you want to go long then let the price closes above the dotted line then think about going long.
JSWSTEEL - Bearish Bat - 1D TFBearish Bat pattern forming on Daily Chart of JSWSTEEL. SELL 278, SL 300, Target(s) - 261, 255.
JSW steel looking weak You simply can't ignore the fact that the steel prices are too high, but at the same time companies are saying that they are seeing some revival in demand. The 200 Day EMA can act as a helping hand to bulls but since the last trendline breakout the stock is continuously making lower high and lower lows if that stays true, then there is still some correction left. I have mentioned the levels but if things go differently trade accordingly.
JSWSTEEL Short I hope you can now see how JSWSTEEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
JSW Steel Ltd. DAILY CHART VIEW!!#JSWSTEEL
JSW Steel Ltd. is quite bullish.
Price is undergoing consolidation near prior high of 296.
RSI firmly bullish
Mid bollinger 286 is an important level, below that lower bollinger 276 is important support.
On higher side 296 important resistance.
If the stock sustains above 296, it can resume a stronger upmove,
Also you can see a RSI hidden bullish divergence.
KEEP A WATCH!!
JSW Steel - go long above 288If breaks above IB (288)
Go long with SL at 285
Target open with 1:2 or 1:1
JSWSTEEL - hitting the pattern top & rejectingRejecting from the top, short.
Do not short if breakout.
jsw steel head and shoulderjsw steel has formed head and shoulder neckline comes around 288.
one buy above 288 for the tgt of 295.
2.685 M volume in JSWSTEEL i was BANNED for violating house rule so i am republishing again without any alteration
LIKE as it worked
JSWSTEEL - NEARING THE MOST IMPORTANT LEVELBuy above 296
Beware of FALSE BREAKOUT
This analysis is for educational purpose only
THANK YOU
HAVE A NICE DAY
