JSWSTEEL trade ideas
JSWSTEEL is Almost into Bearish TerritoriesJSW Steel LTD (NSE: JSWSTEEL) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 254 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 247 Zone . Then 240 and 232 are the next support. For Swing Traders, 221 Zone is Very Critical. Below which we can see a good amount of selling.
JSW Steel Ltd, the flagship company of over $11 billion JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA.
JSWSTEEL is Almost into Bearish TerritoriesJSW Steel LTD (NSE: JSWSTEEL) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 254 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 247 Zone . Then 240 and 232 are the next support. For Swing Traders, 221 Zone is Very Critical. Below which we can see a good amount of selling.
JSW Steel Ltd, the flagship company of over $11 billion JSW Group, JSW Steel is one of India's leading integrated steel manufacturers with a capacity of 18 MTPA.
JSWSTEEL #JSWSTEEL BUY setup - Hunt with tRexBuy JSWSTEEL above 250
We can observe that JSWSTEEL after forming a double bottom has given a strong bounce breaking the peak between the double bottom with Bollinger bands expansion.
If the momentum is strong enough to sustain the rally, then we can expect it to go towards 263 upon breaking 250 level.
T1: 255
T2: 260
T3: 263
SL: 244
Jsw steel Ltd. Bullishness intactBullish chart structure points towards the rise in the coming weeks.
missed jswsteel today jswsteel have bullish divergance and bullish walf wave setup.... but missed that jswsteel move due to nifty we busy in nifty ...i post this for just examlpe of walf wave and rsi diverson....
JSW STEEL UPTREND CONTINUES WITH BREAK OUT It has confirmed a long breakout, looking forward to another high green candlestick tomorrow as there high demand of buyers in the market for the same.
It is been in a great upward move for past few months and now it seems it may continue for much longer period.
JSW Steel: Another Promising CandidatePrice consolidating within an uptrend. Expecting the uptrend to resume soon. Another stock in the watchlist. Look to add this in the portfolio !
JSW STEEL SELL SETUPDIS STOCK IS IN UPTREND BUT NOW ON UPTREND THERE IS MANY DOJI CANDLE'S SO WE TAKE SELL ENTRY THERE.ENTRY STOP LOSS AND TARGETS GIVEN ON CHART.
IF YOU AGREE WITH MY VIEW THEN PLEASE HIT LIKE I REALLY APPRECIATE THAT,
TRADE WITH CARE
REGARDS
KING999
JSW STEEL Confirms Bearish HEAD & SHOULDER PATTERN
Points noted on Daily Chart,
1. Head & Shoulder Pattern completion with confirmation of high volume selling at previous resistance level.
2. Double Top with Bearish Divergence in RSI
3. Risk & Reward ratio at great deal
In my opinion, this one is a short for now.
JSW Steel at near ShortThe valuation of the stock has been diminishing due to overall weakness in steel sector. The RED level marked is a retracement zone of 61.8 and previous strong resistance level where selling can be seen.
Keep a close eye on the 1140-1145 level and if we could find any weakness at that level then it will be a safe bet to sell this one.
LONG SHORT in near term.
