BUY WITH A SL OF 218 AND A TARGET OF 260
Hemraj Prajapat Trade Plans: Sell Below 212.8 with the Stop Loss of 215.2
Cmp 355 Stop 337 Target Open Logic: Cup and Handle breakout (better visibility in daily chart) supported by volumes and accompanied with a strong underlying trend evident from MAs in both weekly and daily.
JSW Steel LTD (NSE: JSWSTEEL) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 254 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 247 Zone . Then 240 and 232 are the next...
JSW Steel LTD (NSE: JSWSTEEL) is about to trigger Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone is at around 254 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 247 Zone . Then 240 and 232 are the next...
Buy JSWSTEEL above 250 We can observe that JSWSTEEL after forming a double bottom has given a strong bounce breaking the peak between the double bottom with Bollinger bands expansion. If the momentum is strong enough to sustain the rally, then we can expect it to go towards 263 upon breaking 250 level. T1: 255 T2: 260 T3: 263 SL: 244
SUPER DUPER MOMENTUM ON UPSIDE SEEN IMMEDIATE TARGET 224
According to its monthly chart, the index has made all time low of 1500 in the month of Feb 16 and from then it responded well and positive. I believe it will continue its positive trend due to below top 3 reasons, 1. Globally Metals are positive 2. Metal Stocks like JSW Steel and Tata Steel have been moving positively 3. Structure support confirmation on...
AB=CD Pattern Confirmation Target: 1373
It has confirmed a long breakout, looking forward to another high green candlestick tomorrow as there high demand of buyers in the market for the same. It is been in a great upward move for past few months and now it seems it may continue for much longer period.
My observations are annotated in the chart.
Price consolidating within an uptrend. Expecting the uptrend to resume soon. Another stock in the watchlist. Look to add this in the portfolio !
Points noted on Daily Chart, 1. Head & Shoulder Pattern completion with confirmation of high volume selling at previous resistance level. 2. Double Top with Bearish Divergence in RSI 3. Risk & Reward ratio at great deal In my opinion, this one is a short for now.