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Jswsteeltrend

JSW Steel is near its Support LevelThis is Daily chart of JSWSTEEL. The stock is trading within an Ascending Channel. It is currently near the lower support zone of the channel, which lies in the ₹920–₹945 range. Simultaneously, a Symmetrical Triangle pattern is forming with a consolidation range between ₹930–₹950. The stock is currently taking dynamic support from two EMAs: the first EMA is providing support near ₹245, while the second EMA is acting as a deeper support around ₹230. Both EMAs are helping maintain the stock’s bullish structure." If this level is sustain , we may see higher prices in the stock.
NSE:JSWSTEELLong
by FiveCircles
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
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