head n sholder breakdown possible in jsw steel
BREAK OUT OF INVERSE HEAD AND SHOULDER. TO VALIDATE THIS PATTERN IT MAY GIVE TARGET OF 334.70 IF IT PROTECTS 285 (DCB). IDEAL ENTRY 297-300
JSW Steel Fut - Daily Time frame Analysis - Short CMP 326.45 Reason 1. Double top + Supply Zone 2. Bearish Harami Pattern 3. Bearish RSI divergence Short for Target 320- 316- 312- 307- 303- 300- 293- 286- 280- 272+ SL above 333 (candle closing basis) Option Players can buy 325 PE Target - double- Triple Sl same candle closing above 333 Exit
Next up move only if stays above 328 Currently at trendline support. Keep n eye on Support Levels for Bounce
NIKI MS AL shows a downtrend in JSW STEEL future. Based on the multi time frame analysis.
This is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline. This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance...
After long journey JSWSteel looks weak. It has broken down below the weekly VWAPHave given sell signal on 75M TF and PnF charts about to generate a Triple bottom sell. Would be a nice shorting idea below PDL and HVN low of 282. Risk reward looks very attractive at current price levels.