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...
this stock is trading in a channel... keep in long side until price is in the channel.... if channel breaks and retest then look for short side....we have resistance in the zone 840-850 liquidity on topside may done above this levels and fallback. Drop base drop chance...so keep an eye on this.
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...
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...
Observations: Jswsteel is trending upwards. After a strong break out to the upside price is not moving,price may again turned to be bearish from this level. Previously after breaking trend line price is not retested to that level. May price want to test this level of support again(655-660).
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...