JSWSTEEL trade ideas
JSWSteel - ready to breakoutHello Friends,
I am posting after couple of years :). Due to personal work, I didnot concentrate on trading.
Well, here I am.
With stock ideas. Soon, will post Crypto Ideas as well.
JSWSteel, it broke the triangle patter few days back. Now trading at 750 ranges testing the ATH.
Now, seems the selling pressure as been reduced and we are at the last push. A dip to 730 rs, can help the stock to gain the strength and make new ATH.
This scenario would complete a Cup and handle pattern. One can watch this and trade the breakout.
I am just sharing my analysis, you own your money. So, when you trade please manage your risk.
JSWSTEEL Breaking out of Flag and Pole Pattern! On Weekly chart
1. It has given a #breakout on weekly closing basis from a Flag and Pole #pattern
2. #RSI has been making higher lows and a breakout can be seen in RSI as well, indicating no divergence.
On Daily chart
1. Price has been taking some good support on #EMA 21 and 50
2. A good risk/reward ratio of 2.4 is being achieved from the CMP.
3. Target is based on the #Fibonacci level 1.618.
Views are personal and not a recommendation.
JSWSTEEL LONG INTRADAY 23 JUL,2021Dear trader,
If u look at the chart of JSWSTEEL (analysis based intraday only) the JSWSTEEL Buy at 720 and Target at 730
Best Buy at 716.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.