JSWSTEEL trade ideas
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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JSW STEEL BUY ABOVE 173 BY PAB SETUP !Hello Guys,
Buy only above 173 for Target toward 180-185-190 (Control Price), I have not seen any elliote wave in the short time frame, soon I am analysis In bigger time frame in which we use multiple setups for a more clear picture, If you don't Like Red background colour then message me I will change in the next setup
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JSW steel : Feb series trade for quick bucks.The stock has broken trendline and has see a good upmove. There is negative RSI divergence in 15 min and hourly timeframe.
Volume is decreasing on weekly candles.
Testing short term buying climax at 295-300 levels.
Data suggests it will touch neckline of 280-285 before breaking 300 range.
This is only for educational purpose.
Disclaimer: I am in this trade with a 280 PE with sl as 297 level in cash on closing basis.
Have good trade guys. Follow strict sl.