JSW STEEL CUP HANDLE ON DAILY CHARTJSW Steel has formed cup handle chart pattern on daily chart. Is it going to continue to the upward movement?
JSWSTEEL trade ideas
JSW STEELit is all time high. with gud trend line support. supported by 20 ma. market is also at all time high. supported by gud buying volume.
SL 737.
it has gud potential upside target. follow strict sl & proper risk reward ratio. this is the only holy grail in the market.
jsw steel buy @ 784.50 target 874, 899, 920 ascending triangljsw steel buy @ 784.50 target 874, 899, 920
ascending triangle breakout
risk reward 1.5
sl@693
its just a view trade at your own risk
JSWSTEEL Swing Long sidewe can go long on JSWSTEEL
Buy at at breakout
Traget= 1000
SL=734
As Nifty is at all time high, there is high probability stocks will see a buying trend. jswsteel is at breakout level.
on charts of jswsteel we can :-
1] Head and Shoulder pattern.
2] Tested the resistance 4 to 5 times now resistance is weak and can breakout.
3] High volume activity
4] Engulfing candle
Buyer are looking strong and we can see the targets in coming weeks.🚀🚀🚀🚀
JSW STEEL - Looks good for ATH breakoutIt retraced for few days and retested from the levels of 740, which acted as a solid support. Now its heading upwards for ATH breakout. Build positions here with a stoploss 3 % and the immediate target is 780.
JSW Steels ooks great. JSW looks all set to give a beautiful breakout as Nifty has made high record today and now now just one inch away to touch 19000 level.
Tarde can be initiated in JSW if it closes above at 800 level. Target could depends at one's risk appetite with proper stoploss. Again not a recommendation, Just a view and I might be wrong sometimes.
JSW STEEL - LONGJSW Steel has tested its Multi Year resistance again and is expected to give closing above that today. Looks good for long. Wait for closing above 772.
Idea for educational purpose only.
JSWSTEEL is ready for 2 years breakoutEntry 730 to 735
6 months target 1190Rs
Stock is ready for 2 years long range breakout
JSW : a W?A close above 790 can break the long going consolidation on the upper side, I see a volatility contraction in the counter, if held well, this stock may run good in coming months, T 830, 930 and 1100.
Diamond Pattern & Ascending TriangleJSW steel on a longer term time frame which was forming a H&S pattern failed. And has also turned into a rare Diamond pattern along with a an ascending triangle pattern. A breakout would lead to a substantial rise in the stock
JSW STEEL-Retesting LVLS -Daily Timeframe- Keep eye 26th June
As per the daily Chart JSWSTEEL BO near 730-740 lvls.
Stock has taken rejection on its previous high near 786-790 lvls.
Now it is retesting its Break out lvls which are 730-740 along with that it is hovering near .5 fib lvls.
Keep eye if we come across any bullish price action in 1hr chart we can go long and keep SL below the that price action lvls.
This analysis is only for learning and educational purpose. Please manage your risk accordingly.
JSW STEEL Make ascending triangle chart pattern in 4 hour time fram also make double bottom , 50 EMA cross 100 EMA from below , MACD and histogram saw fair value for bullish way so first Target will be 898.50 and stop loss will be 728.50
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
JSW Weekly Review After a long Time Breakout Happened in JSW
1.Strong Volume Buildup
2. market stand at breakout area
JSWSTEEL ready for Big BOjsw steel after many attempts to break its 772 resistance, looks ready for this time.
JSW Steel ready for major breakout 🚀JSW Steel getting ready for major breakout :
Why you consider it as a Quality Trade
1. Price @ All time high
2. Time frame : weekly & monthly
3. Pattern : Pole & Flag
4. Structure : Super Bullish
5. Positional Trade for almost a year
Take Cautions before take entry 🚫 :
1. Wait for price to close above ₹792 in weekly time frame
2. Calculate your proper Risk Management
3. This my analysis not suggestion
JSWSTEEL--At Resistance Zone??Observations::
--->> now the price is at resistance zone...
where previously a strong fall is observed from this levels.
Monthly Analysis::
weekly Analysis::
Daily Analysis::
If we see on bottom price consolidation + breakout is given...
No sign of bearishness is observed till...
JSW STEEL (W)JSW STEEL (W)
- Price Above all Major MAs
- Strong volume buildup
- Price has taken the support of Trendline
( Ignore below 745)
Good time to book profit in JSW Steel
Good time to book profit in JSW Steel as it seem to have reached its current swing high
