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.
JSWSTEEL1! 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
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
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+
JSWSteel LongCoorection over, it bow abuy
Metla index given a break out
Expect 730/760 then 4 digits in days to come
JSW Steel futureCan short sell JSW Steel
LTP: 713
Support: 720
Resistance: 680
DEMA matching MACD and looks like it is crossing over to a bullish pattern.
RSI below 50
Immediate trend is down-trend
JSW STEEL - SHORRRTTTT!!!!!JSW STEEL - Short at CMP 356 for the target of 330 and 2nd target 320.. SL is 370.
JSW Steel Futures Intraday/Short termAt lower end of important support, Breakdown may bring further weakness. Pithfork lines can give future support.
Upmove/Bullish only if stays above 366
JSW STEEL FUTUREBREAK 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 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
JSW Futures Intraday/Short TermNext up move only if stays above 328
Currently at trendline support.
Keep n eye on Support Levels for Bounce
Downtrend in JSW STEEL FutureNIKI MS AL shows a downtrend in JSW STEEL future. Based on the multi time frame analysis.
