JSWSTEEL trade ideas
JSWSTEEL getting ready for next upmove?After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year.
It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50.
RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can add on dips upto 725-730.
This opinion is just based on my personal analysis and not a trading suggestion.
Bullish flag pattern. JSWSteel.JSWSteel
Bullish flag pattern.
Good entry around 715-720 if it comes to that.
SL 560
Target 800, 900, 1000+
JSW Steel Triangle pattern on 15minutes timeframe
you can buy on breakout
it was for intraday purpose
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JSW Steel BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
JSW Steel$JSW Steel looks bullish, If sustains above 700, may touch 750 in short term.
# Post for learning and educational purpose. Do not trade on this. Do your own analysis and ask your financial planner always before taking any trade.
JSW Steel BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
JSWSTEEL BreakoutJSWSTEEL Breakout.
Higher volume.
Relative strength: Beating NIFTY on 20, 50, and 100 days.
JSW elliot wave analysisjsw steel is getting ready for a new bull run in coming days.it completed one year complex wave 2 correction.
Clear flag pattern go for long target 1000+ sl 600Clear flag pattern go for long target 1000+ sl 600
JSWSTEEL ANALYSISRising Wedge Pattern
Resistance Zone: 675-678
Upside Target: 688-690
Support Zone: 657-660
Downside Target: 618-620
JSW STEEL BUY FOR INTRADAY TRADINGJSW STEEL BUY FOR INTRADAY TRADING if stock and METAL Sector also strong.............
tata steel weekly chart.. patternwait for breakout on weekly chart... target for long term NSE:TATASTEEL
JSW elliot wave analysisJSW steel is near the end of double flat correction,if correction completes here there is a huge upside coming within a week,if correction didnt complete we may have another flat to complete tripple flat correction.it may take another 3 months.
JSW STEEL SELLJSW STEEL SELL for day trading if METAL sector also weak then we will enter in trade.......
JSWSTEELJSWSTEEL breaking out of 4 months of multiple times rejected resistance zone with good volumes
Could be bought with said stopliss & targets.
jsw ready to fly if today close above 700 levels then buy for target of 725 and 760 as shown in chart
JSWSTEEL - potential bullish setupNSE:JSWSTEEL is in ttm squeeze from past 22 weeks and it's making a high probability bullish setup.
1) All moving averages are stacked up.
2) Volume has decreased over time while the price retraced from the high.
3) VZO is showing sudden spike in recent candles and volume is also increasing gradually.
4) Price is getting rejected from 34 EMA and showing more buying pressure.
Because of above reasons, I think that there's a higher chances of squeeze firing upside.
Buy Jswsteel above 698 stop loss 644 target 732 , 793Jswsteel price is trying to get above the range since long time . some steel stock are making LTH . so one can expect good run in the jswsteel also. charts structure is also favors the same . buy only above the price 698 and keep strict stop loss
