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Jswsteeltechnicalanalysis

JSWSTEEL--Drop Base Dropprice is trading in bullish channel form long time. taking the support multiple times from trendline This stock is now in consolidation we detected a drop from the upper resistance channel, after a long time consolidation price is moving upside to test this resistance, if price comes to bottom side,trendline is ready to push the price up,if failed to push the price up, then will look for short side from the topside of consolidation area. keep an eye on this stock for short side.
NSE:JSWSTEEL
by IIT-Trader
1
Trade and Analysis for JSW STEEL We see that Price has completed its Waves 1 and 2 and currently we have Wave 3 onn, we can consider this to be one of the strongest moves this stock is experiencing right at the moment. We see the Fibonacci Extension levels, now we have the next level 261.80% of Wave 1 which is Rs. 1209.90, this is the level to which Price will come. Currently Price has formed a Fresh Monthly Demand and this is a Trade zone with a Target derived as per the Fibo Extension.
NSE:JSWSTEELLong
by WavesandZones
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
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
JSWSTEEL Analysis 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 possible... so please be patient until price retest...if retest failed will take further action.... If this post finds Helpful...please Encourage me with a like button. Thanks in advance...
NSE:JSWSTEEL
by IIT-Trader
JSWSTEEL - Long view Once can buy JSWSTEEL above 769.30 for a price Target of 845++ with a Stop Loss of below 719. Once prices move above 790 levels the stock could give a new breakout. We also have RSI at around 64 and the prices trading above all important EMA which could support the movement of the prices. Today the stock moved up 4.47% with a volume of 49,92,699.00. JSWSTEEL is trading at a P/E ratio of 8.5 compared to the sector P/E ratio of 13 makes it an attractive pick. The views presented are of the author and do not represent a trade. Kindly consult your financial advisor before investing.
NSE:JSWSTEELLong
by ruelfernandes
JSW Steel Ltd Double Bottom BreakoutThe idea here is about JSW Steel Ltd: JSW Steel Ltd. is a holding company, which engages in the production, distribution, and trade of iron and steel products. It offers hot rolled and cold rolled coils and sheets; galvanized coils and corrugated sheets; galvalume products; steel doors; and light steel building solutions. My view is short term Bullish for the below observed technical factors. Points as per TA observed on a daily Chart: 1. Broken out of Double Bottom pattern as per below: 2. Broken Out of Contracting Triangle on a daily chart on 27th Oct 2022 as per below: 3. Bearish Navarro 200 Harmonic Pattern observed on a daily chart & Price may retest 678.05 ( Swing B of Bearish Navarro 200) as per below: 4. Trading above 20 & 200 EMA on a weekly & daily chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is a strong upward momentum & weekly is Neutral at the time of publishing. 6. RSI is at 61.77 on a Daily Chart and 56.03 on weekly chart at the time of publishing. 7. MACD above signal line on weekly & daily chart. 8. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. Other averages are strong buy on daily, weekly & Monthly. 9. ADX ( Average directional index ) trend strength is at 18.30 on a daily & 7.45 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend. 10. No divergence observed. Projected Target with %: Double bottom & contracting triangle provided in the chart. However, would recommend for retest to be completed. Stop Loss: provided in chart. Wait for retest confirmation on daily chart for double bottom. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JSWSTEELLong
by Tron029
JSW STEEL BULLISH PENNANTHello traders, The last two analysed stocks MOTHERSUMI and TCS have hit their target so you can book or trail. The stock I have got for you today is jswsteel, it's trying to give a breakout at the time I am writing this idea. It's breaking the counter-trendline which has been the resistance for 3 nodal touches, and it has also made a Bullish Pennant on weekly timeframe. Buy above closing - 682 Targets mentioned in the chart above. RSI is in bullish zone MACD is Bullish Pattern is on Daily as well as weekly timeframe. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:JSWSTEELLong
by this_is_shoaib
1