This stock is trading in a bullish channel,takes the support of the trendline multiple times and moving upside.
Recently a strong break above the major resistance is observed now it is again at the same zone,
If the previous resistance push upside this rally to the topside will continue, otherwise if breaks below the trendline then have a chance of fallback to...
The company's diversified portfolio comprises products under hot-rolled, cold-rolled, galvanneal, galvanised/galvalume, pre-painted, tinplate, electrical steel, TMT bar, wire rod, special steel bar, round and bloom categories
- Break out Inverse Head and shoulder / Ascending Triangle
- GO long with stop loss as per your appetite - Targets in chart.
Market...
One of the best Nifty 50 stock, need no fundamental introduction. Available at immediate support, daily closing above 830 will confirm double bottom breakout and then stock will be ready for 880+ targets. I would not prefer any stop loss in JSW steel and will build positions for 3-6 months if price falls howver a daily closing below 805 could be a desent stop loss...
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...
Developed 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...
JSWsteel moving sideways for many days . shall breakout on 10th Nov as shown on chart.
Target seems to break the previous high but next few hours movement shall decide the target.
- 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...
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...
Metal 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...
JSW STEEL LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Head & Shoulder Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 751-.
✅Can Go short in this stock by placing a stop loss above 781+.
A strong support is observed at 740 levels...
price is now at previous strong bullish area....and also this place is a strong bearish place.
This might push again price to little upside...and then have a chance of fallback....
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...
