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JSW STEEL FUTURESJSW STEEL FUTURESJSW STEEL FUTURES

JSW STEEL FUTURES

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JSWSTEEL2! trade ideas

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 very rare to see wave e itself turning to a Triangle. Even if its so, we may have to wait for a day or 2 max, since I have drilled down and doing analysis on 15 mins chart. Whatever the case may be, we will definitely see 692-693 in next week. Good Luck and Happy Trading!. Regards Sachin
NSE:JSWSTEEL1!Long
by swapsachin
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 Wave in the C wave, which itself is a descending triangle. Once this triangle is over we will see a quick and fast move till 692-694. If you closely see we had 2 triangles back to back in wave Y(wave B, Wedge triangle and wave C expanded triangle ). Take a look at the 15 mins Chart, we are almost there. Just hang on for a day or two. Regards Sachin
NSE:JSWSTEEL1!Long
by swapsachin