CHART ANALYSIS OF JSW STEEL
Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels
• ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels.
• MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target -
725
736
771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.
Chart Analysis :- On Hourly TF of JSW Steel we can see Stock is making symmetrical Triangle pattern which is Bullish pattern . Currently stock is in consolidation if it gives breakout from upper trend line of triangle with a good volume then we can see our expected targets. We can confirm our entry with help of indicators .
• RSI is consolidating above 50 levels
• ON DMI DI+ line is above the DI- line and ADX is also supporting with 24 levels.
• MACD is consolidating and above the Break even point
Entry point- 710 - 712
Target -
725
736
771
Stoploss –
• 692
Disclaimer :- I am SEBI registered Analyst , I can be 100% wrong please do your own research before investing.
Dagangan ditutup: hentian tercapai
Stop LOSS hit..Dagangan ditutup: sasaran tercapai
1st Target Achieved...!!!!!Dagangan ditutup: sasaran tercapai
2nd Target achieved!!!!!!!!!
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.