price 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...
As per my analysis, NSE:JSWSTEEL has been tested 820.55 two times which is breakout levels for 843.00. If price crossed 821, there would be high probability for target of 843.00.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis before take any trade. Thanks.
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...
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...
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...
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....
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...
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...
Observations::
--->> now the price is at resistance zone...
where previously a strong fall is observed from this levels.
Monthly Analysis::
weekly Analysis::
Daily Analysis::
If we see on bottom price consolidation + breakout is given...
No sign of bearishness is observed till...
Observations::
clearly the stock is trending downwards,
previous support @710-718 level, broken strongly.the same support @710-718 range is acting as resistance.
now price is trading in a range, wait for the break of either side movement.
Keep track this levels. sharp movements will happen while breaking the resistance or support, when price is in range.
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...
Hello 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...
Price taking support 188 rs now , from now price can move above
We need monday daily candle close above 195 if we achieve that close than it can move higher
JSW STEEL Has broken out of a ascending triangle and has retested the support quite a few times, holding strong.
- MACD is closing in and a bullish crossover is imminent, implying a continuation upwards.
- The price action is currently supported by the 50MA on the 2H TF.
- First target is 205 (7%)
- Second target is 231 (~20%)
If you like my charts, don't...
