Jsw
JSWINFRALooks Supergood on Charts.
Near All Time High.
Above all Key EMA.
Good for Shortterm.
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Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
JSW INFRA - SHORT TERM & LONG TERM SEEMS GOODCan enter at CMP 224
If falls again you need to average at 200 level
Targets - 245,280+
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JSW Steel Analysis JSW steel make a W pattern which represent the bullish power of the bulls. If the stock break the structure and the 200 EMA on its lower time frame then go for it.
It is also a swing trade if you see the chart on 1Hr time frame it make a clear W pattern and we can book the profit at 200EMA.
(Always Do your own analyis )
JSW STEEL :: BULLISHDATE: 19 MAY 2021
INSTRUMENT: JSW STEEL
TREND: BUY
TIME FRAME: DAY
CMP: 721.20
BUY ABOVE: 727
STOP LOSS: 696.55
TGT 01: 772
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
JSW - Spotting buy oportunitiesTwo bullish scenarios based on previous price action. More probable red, and less probable blue. We are in oversold areas on daily RSI, on weekly JSW currently struggles with 200 W EMA - that is a really strong resistance. Once that is broken with confirmation I am switching from bear to bull. For now neutral post as situation is yet unclear.
JSWI was expecting more extensive rally up but present one meets requirements for 5th wave.
From this point of view, untill the price overlaps last ATH I am trading as red line follows.
Interestingly if the wavecount is entirely correct we are about to experience a general corrective movement since the march 20'. In that case we are on the a few months gradual decline that shall last till Jan 21'. Green rectangles are in ranges of typical price correction movements, as well as in typical time correction movements.
To be observed how the things go...
JSW STEEL LTD | NSE | ANALYSIS JSW STEEL Has broken out of a ascending triangle and has retested the support quite a few times, holding strong.
- MACD is closing in and a bullish crossover is imminent, implying a continuation upwards.
- The price action is currently supported by the 50MA on the 2H TF.
- First target is 205 (7%)
- Second target is 231 (~20%)
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