JSWSTEEL trade ideas
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadning Pattern
📌 Symbol/Asset: JSWSTEEL
🔍 Description: Stock is making Broadning pattern. And we might see good bounce till resistance level.
👉 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 breakout and retest is done. JSW steel has given a break out of the inverted head and shoulder and has also retest the neck line on the weekly charts.
The stock has formed a resistance around 830-835 levels and once these levels are cleared it can given good targets.
Positional and swing trades should be created only when the resistance zone is cleared on the weekly charts.
Levels and targets are marked on the chart.
Stock can also be purchase in cash for a longterm bet as the market are bullish and the stock can travel with the waves.
Levels to watch
Break out level :- 835
Support to accumulate stock :- 775-780
Watch for the weekly close as tomorrow it friday. The stock has given a fall for last three days and if it starts to run there will be a good opportunity as it is standing at 50 % fibonacci levels.
BULLISH above 810 bearish below 810
If Buy 810 > 818 > 825
Sell below 810 > 806 > 801
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
jswsteelENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Looking Good - On a way to New LTHHi All...
Greetings!
Today I'm sharing you JSW Steel Weekly Chart. it has been seen that JSW Steel has been continuously taking resistance from 773 levels.
In last week of July 23 it finally gave a breakout and last 2 weeks of August it tested the same 773 level which will now work as a support.
I'm hoping JSW Steel will keep on making new LTH now....
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
Please like and comment.
Share with Your Friends.
Keep Learning,
Happy & Safe Trading
Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
JSWSTEEL | Investment Pick📊 Details
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.
The company aims to expand its crude steel capacity from 18 MnTPA in FY20 to 45 MnTPA within the next decade.
In 2021, the company completed the acquisition of BPSL and became the largest steel producer in India.
The company is the owner of single largest steel plant in India with a capacity of 12 MnTPA.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
CAN $NSE:JSWSTEEL will Break 780Dear Followers,
As Per Technical Analysis Looks Like NSE:JSWSTEEL Entering into Bearish Zone. if Mention stocks Breaks Support Of 785-780 then Probably it will try to take support Near 770 level but due to weakness if its break this level also then we can see downfall momentum.
Levels To watch
Support 1- 770
Support 2- 740
Support 3- 720
Self Buying JSWSTEEL 770 PE Aug Near 5, Sl 3.50, Target 8.50,10,12 Time Frame 3-5 Days.
Investment Required - 6750
Maximum Loss - 2025
Profit Upto- 9450
mention levels are only for Educational Purpose.
Best regards
Ajay Metha