A Clean Triangle PatternNSE:JSWSTEEL
Ready to fly being honest about it.
It might get resistance on the trendline. But stil have high chances of moving upside.
Atleast amount of Rs.780
Watching this setup for a week now.Under Radar.
JSWSTEEL trade ideas
MULTI YEAR BREAKOUT IN JSWSTEELBuy JSWSTEEL above 795 weekly breakout for 850/875 and 920. After breakout, stop loss should be maintained near 760 range. Several times getting resistance at 790 levels and price volume action breakout awaited
#JSWSTEELJSWSTEEL hits the IZ 728.40 - 741.45
It must cross beyond this level to start a new move upside
Else
Possibility of Shunted Fall
Forming a good setup#JSWSTEEL (Weekly)
- Consolidation after an Uptrend
- Decreasing volume during halt
- Above Key EMAs
- Bullish RSI
JSW STEEL IS TRADING ALL TIME HIGH AND READY FOR FLY JSW steel is trading all time high zone in weekly time frame keep on radar if sustain the same zone it will fly soon
JSW steel flag pattern breakout Hi, we can expect flag pattern breakout on this stock in coming days.
This is just for analysis purposes.
ATH breakout !!!The stock has tested ATH for past 2 years. Selling volumes also gradually reduced, seller getting low.
About to breakout from its ATH.
RSI showing strength.
Wait for breakout. Looking good up move.
Only for educational purposes.
JSW Steel: Bullish Inverted Hut/Roof Pattern In Making📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Inverted Hut/Roof
📌 Symbol/Asset: JSW Steel
🔍 Description:
Bullish Inverted Hut/Roof pattern in the making in JSW Steel with a success rate of 72%
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Inverted H&S in JSW STEELtrading near neck line with superb buying volumes. breakout in nifty leads to a massive breakout in jsw steels
JSWSTEEL can be BTST BuyJSWSTEEL is BTST SWING trade based on 15 mins charts.
LTP - 707
SL - 702
Targets - 720+
Timeframe 2-3 days
JSW Steel at strong resistanceJSW Steel near the strong resistance levels for 5th time since 2 years near 770-775
Expecting the strength of the resistance to be less on this 5th attempt and have a possibility of a breakout on the north.
Also shows Flag pattern if pattern is looked upon.
Near term I am expecting it to go 868-997 if it breaks out with good volume.
Other charts of same Sector should be checked if the sector has a momentum.
No recommendations, just my view based on chart.
JSW Steel - Darvas Box BreakoutThe stock has been in the longest accumulation phase and could now breakout of the darvas box.
Long above 782 with a below 750.
JSW , an opportunity to make some handsome profit with cautionI have not marked all the previous motive waves, however the important part here is not the previous motive waves. we have already completed 5 waves up, which ended at 783.50, we are correction now and we just completed 1st leg of correction, what that means we still have 2 legs of correction to complete, one more up and then down. Currently we are in leg 2, what that means, we have to be little cautious in correction and have to watch revise your stop as needed. For now I am expecting the JSW steel to reach 780-781 rs, however be cautious there are high changes of JSW steel reaching at 762 and then reversing from there for the last leg of correction.
Good Luck!.
Do share the link and ideas with others so that everyone can benefit.
Tringle Breakout in JSW steelOne Can go long for a swing,
Reasons to Buy,
Tringle Breakout
SMI Indicator Buy at daily chart
Above Avg Volume at breakout candle
Weekly Narrow CPR
JSWSTEEL - Weekly AnalysisIn the Weekly Chart of JSWSTEEL ,
we can see that; it has given breakout from Cup & Handle Chart Pattern.
Let it retest and then enter with SL.
Best buy can be near 720 if it comes.
Go Long till upper target as shown.
#Jswsteel cash : Looks good above 750 zone close#Jswsteel cash -Positional call
08.06.2023
Last 3 swing patterns are same n reached its 138% fibo targets of the swings..
This time its good to accumulate if sustain above 750 for 840 approx target SL 710
Cmp 748
JSW STEEL JSW STEEL is looking good for a long above the levels of 708-710 , a good bottom structure has been formed in the stock and can possibly move towards targets of 740/760/800/820 in coming days
JSW steel at interesting levels 05/06/23.JSW steel on the weekly charts has been consolidating in a range and trading around the 20 ema.
The stock has taken support from 0.618 fibonacci level but unable to close above 0.382 levels. It is consolidating in the same range.
Stock can give either side movement and is currently trading near the resistance levels.
On the daily time frame, the stock is trading around 20 and 200 ema. The moving averages are close enough.
There will be a confirm long or short trade as moving averages will also be giving a break out or down.
Intraday and swing trades can be initiated if the stock starts trading outside the box.
Wait for the price to retest the break out or break down levels. Swing trades are there on the charts.
Must watch for a price action near the levels before entering the trade.
JSWSTEEL WTFAfter analyzing JSWSTEEL's stock, there are indications that a potential breakout may occur in the near future
However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
JSWSTEELS Weekly Breakout above 775JSWSTEEL will breakout from its weekly Correction in coming Months .... Short term & Long Term trends looks upside.
LTP - 704.6
SL - 681
Targets - 775
Time frame - 1 Month
Lon Term Target - 1200+
Time Frame -1-2 Years
Weekly Flag Pattern Breakout above 775 will make the way clear for 1200+ in coming months.
