JSW STEEL — BUY SETUP 📈 CMP: ₹1,305 Trend: 🟢 Mildly Bullish / Recovery Mode Timeframe: 1 Month
Parameter Setup 🟢 BUY Entry ₹1,305 🎯 Target ₹1,360 🛑 Stop Loss ₹1,275 📊 Probability 68% 📈 Potential Upside ~4.2% ⚖️ Risk : Reward 1 : 1.8 Technical View ₹1,317 is the first important resistance.
₹1,326–₹1,340 is the major resistance zone visible on the chart.
A sustained move above ₹1,340 can strengthen the momentum toward ₹1,360.
₹1,278–₹1,280 is the major support zone; therefore ₹1,275 is kept as the positional stop-loss.
The recent price action shows recovery from the ₹1,295 area, but momentum still needs confirmation above ₹1,317. Recent market data also places JSW Steel around the ₹1,303 support region and ₹1,359 resistance region.
Trade view: BUY on/near ₹1,305, preferably with strength above ₹1,317. Above ₹1,340 → bullish breakout confirmation. Below ₹1,275 → setup invalid.
SHREEJI FINANCE & INVESTMENT Hathijan Circle, Ahmedabad
No comments:
Post a Comment