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JSW STEEL LTD.JSW STEEL LTD.JSW STEEL LTD.

JSW STEEL LTD.

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JSWSTEEL trade ideas

JSWSTEEL--Trading in Downward channel??this stock is trending downwards.. now the price is at Resistance Zone... if it failed to break the channel it will continue its fall, and again trading in a channel keep safe before long from here. On bottom side we have a demand zone lies at 700 and 650 levels...look here for buy. look for buy if price comes back to the support and look for short if price comes to resistance. on topside we have a strong resistance area at 800 and at 840. Trade safe... If these ideas are helpful...give me your support and Encouragement. Follow for more. Thank you.
NSE:JSWSTEEL
by IIT-Trader
1
Wyckoff Method - Composite Operator ModelDeveloped by Day Trade Insight The Wyckoff Method - Composite Operator Model strategy, crafted by Day Trade Insight, leverages the principles of Richard D. Wyckoff's time-tested approach to identify potential phases in the market, aiming to capitalize on favorable conditions. This strategy is designed for traders seeking to align with the actions of the "Composite Operator," the large institutional players shaping market trends. Key Components: Accumulation and Distribution Detection: The strategy employs a meticulous analysis of price and volume, identifying potential accumulation and distribution phases. During accumulation, the focus is on identifying when smart money is quietly accumulating positions, while distribution is recognized when they are strategically offloading. Relative Strength Analysis: Calculating the Relative Strength (RS) by comparing the closing prices to a specified period's average allows the strategy to gauge the strength of the market. This RS analysis aids in identifying potential markup and markdown phases. Buy and Sell Signals: The strategy generates buy signals during potential accumulation phases when the closing price crosses above a specified moving average. Conversely, sell signals are triggered during potential distribution phases when the closing price crosses below the same moving average. Visual Representation: To enhance user understanding, the strategy incorporates visual cues. Potential accumulation and distribution phases are highlighted with background shading, while buy and sell signals are indicated by distinctive triangle shapes on the price chart. How to Use: Execute a long (buy) position when a buy signal is generated during a potential accumulation phase. Close the long position when a sell signal is generated during a potential distribution phase. Risk Management: This strategy emphasizes the importance of managing risk. Traders are encouraged to incorporate robust risk management practices, including setting stop-loss levels and monitoring overall portfolio risk. Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. Users are advised to thoroughly backtest the strategy on historical data and exercise due diligence before applying it in live trading. Day Trade Insight recommends traders continually refine and adapt the strategy based on market conditions and personal risk tolerance.
NSE:JSWSTEELLong
by Devanshu_Shukla
JSW Steel : Rusting Begins?- JSW Steel looks ready for a short-term downturn phase - Look how the PE ratio has shot up crazy from the last time we saw the same price ( Price is not justified) - With the current selloff, The bulls are trapped at ATH making them long-term investors. - We do have a trendline that may give support when the time comes. But until then, It's time to bleed? What are your thoughts? Leave us a boost👍👍👍. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:JSWSTEELShort
by TheChartereds
2
JSW STEEL BREAKS OUT OF ASCENDING TRIANGLE WITH HUGE PROFITS TECHNICAL ANALYSIS : ASCENDING TRIANGLE BREAKOUT - Price has broken out of the pattern 2-3 weeks back on weekly chart 50D & 100D SMA REVERSAL - Price has also taken support on 50D & 100D SMA simultaneously a few months back and have reversed from those levels since then VOLUME SPIKE - Price has shown volume spike on the previous week (10th july) BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE - Price has broken out of the strong level which had earlier acted as a strong support zone FUNDAMENTAL ANALYSIS : OUTSTANDING EPS COMPARED TO PEERS - Its mar'23 eps was ~12 compared to meagre 1.40 eps of its competitor OUTSTANDING EBIT MARGIN COMPARED TO PEERS - Its mar"23 ebit margin was ~12 compared to meagre ~7 of its competitor OUTSTANDING NET PROFIT MARGIN COMPARED TO PEERS - Its mar"23 net profit margin was ~7 compared to meagre ~2 of its competitor TRIPLE PROFITS ON CURRENT QUARTER - On top of everything they have also posted almost triple profits in jun quarter'23 giving more convictions to the prediction TAKE PROFIT & STOP LOSS - TP - 1028 SL - 740
NSE:JSWSTEELLong
by peace_lover
Metal Sector and its component Daily Timeframe analysisMetal Sector and its component are in correction phase NSE:CNXMETAL sectors NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM have created same structure as NIFTY50. NSE:HINDALCO NSE:JSWSTEEL NSE:NATIONALUM daily candle close below entry level. We can see all targets along with NIFTY50. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
NSE:JSWSTEELShort
by sugatmankar
JSW Steel ready for Downtrend For all trade on my Auto Harmonic patterns indicator trade setup - Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
NSE:JSWSTEEL
by JaiPrakashShuklaHarmonicTrader
2
JSWSTEEL--Demand zone @780 level After successfully closing the bearish gap , the price has established a bullish channel, and it is currently trading within this channel. If you are considering a short position, it's advisable to exercise caution and wait for a clear break and retest of the channel's boundaries. Additionally, t here is a notable demand zone located around the 780 level , which could provide support. Conversely, on the upside, there is a strong resistance zone at 832, which is currently acting as a significant barrier. There's a possibility that the price may face a reversal from this zone. Therefore, it's crucial to exercise patience and avoid taking a short position until we witness a confirmed break and retest of the channel boundaries, as this will provide more clarity on the price direction.
NSE:JSWSTEEL
by IIT-Trader
2