Took small position
Price has very well sustained above weekly resistance area
Nifty metal is also similar on charts
Will add/reduce position accordingly
Short term - Medium term bet
"JSW Steel has broken its all-time high today, ranging between 816 and 770. If you can get this share at any price within this range, you can consider investing in it, as it is expected to provide excellent returns in the near future."
*JSW Steel Ltd.*
P&F Formation on Yearly Basis
Price BreakOut & Sustained
Flag Upper Priceline BreakOut to be Watched
Vol. Consolidation & Continued BuiltUp.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
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...
NSE:JSWSTEEL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
this will be the stock of the month. after taking a down move it's definitely ready for a new high.
looking really good on the monthly chart and the daily chart is picture perfect for the long entry.
we can enter from anywhere just hold the trade with conviction.
our sl would be 776.
and wait for targets.
Ending Diagonal Pattern Formed on JSW Steel
I m Short with SL just above High ....
Risk Disclaimer ...it is just for Education Purpose
Plz make ur Investment Decisions on ur own risk
If a sell-off happens in the overall market then its ripple effect will have an impact on stocks like this with high valuation and below average financial statements.
Will be interested in the stock if price reaches the start of the ascending channel and will look for an entry depending on the micro and macro-economic situations at that time.
My top priority set up for coming week. Good consolidation in triangle. Breakout can give upside. Don't forget to keep SL. Any setup in this entire world can fail so better keep SL. If things are working as per plan then we are with them else we are out.
the stock is trending upwards....
Pvevious Resistance is broken (ATH).....
in daily time frame price is ready to test the previous resistance...
if this resistance is turned to be a support then this stock is again bullish...
If we go to the smaller time frames...price is in consolidation after a ATH is broken...
consolidation + Downside ==Upwards may be...
NSE:JSWSTEEL
LIFE TIME BO!!!!!!!!!!!!!!!!!!!!!!!!
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You...
JSW Steel was forming a pattern for a long time and now it is breaking three strong resistance. From this level it is good go up. have strong stop below first trendline.
Please do research and trade at your own risk.
Feed a poor if you enjoy. thanks
