H A M M E R JSWSTEEL fut made hammer on hourly chart, suggets reversal from here, same pattern in metal index as well.
Could be bought with mentioned stoploss & target/intraday.
JSW Steel We are in last leg of Wave e, expect uptrend to start As I mentioned in my previous post as well, we are about to finish wave e of Wave C triangle. Once we are done with the completion of wave e, expect the quick and fast move till 692-693 and beyond. I don't want to see another triangle in wave- e, from my experience as Elliott wave Practitioner, its
JSW Steel is about to finish its last leg of Correction Hi,
JSW was in complex correction for a while, as we reach towards the completion of the last leg of the W-X-Y correction, we see that in the Wave Y we have already completed A-B- and now we are in the Wave C of Wave Y. In wave C we are in c of C wave, which means we are about to finish the last c
JSW Steel is ready to form a Big Breakout upsideAs you see in the chart, JSW Steel has almost completed the complex correction (W-X-Y), with an Expanded Triangle forming at the wave C of the Wave Y. Time has come for the uptrend to resume and hit the first target of 692 with very quick movement.
JSWSTEEL - Short tradeInitiated a short trade in JSW STEEL - with minimal SL.
Shorting at 719.6 for a target of 692 with 722.95 as stop.
jsw steel futureI usually do not post Individual Stocks...... but JSW steel future seemed an extremely Interesting set up and the R:R ratio seemed excellent to Me.
#JSWSTEEL POSSIBLE TO BUY#JSWSTEEL trading 547 formed bullish pattern,
Today trading our retracement level,
we can buy above 552 and tgt 564
SL: LIVE
#JSWSTEEL POSSIBLE TO BUY#JSWSTEEL trading 719 formed bullish pattern,
Today trading our retracement level,
we can buy above 725 and tgt for 740
SL SL 711
#JSWSTEEL POSSIBLE TO SELL#JSWSTEEL trading 770 formed bearish pattern,
Today trading our retracement level,
we can sell below 765.5 and tgt for 752
follow SL 777
jsw steel11/4 educational purpose only
buy on dips around 745.05 (20ema/hourly)
cmp 759.25
sl below 738.10 (50ema/hourly)
target 775+
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Frequently Asked Questions
The nearest expiration date for JSW STEEL FUTURES is Sep 26, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell JSW STEEL FUTURES before Sep 26, 2024.