JSW Steel looks weak…
Reasons/Traits :
• Ascending triangle formation seen
• Below 50 EMA
• Price moving between 0.236 and 0.382 retracements levels since few days from recent high
• Constantly falling RSI
• Force index 3 is greater than 0 and Force index 13 is less than 0
• ADX negative is greater than ADX positive
What can happen next :
Scenario 1 : Price sustaining above 690/692 levels can take it to 700/720/730/740/750/760 levels
Scenario 2 : Price break down below 665 can take it down to 645/630/610/595 levels
Sharp movement can be seen if training pattern is broken
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Ascending triangle formation seen
• Below 50 EMA
• Price moving between 0.236 and 0.382 retracements levels since few days from recent high
• Constantly falling RSI
• Force index 3 is greater than 0 and Force index 13 is less than 0
• ADX negative is greater than ADX positive
What can happen next :
Scenario 1 : Price sustaining above 690/692 levels can take it to 700/720/730/740/750/760 levels
Scenario 2 : Price break down below 665 can take it down to 645/630/610/595 levels
Sharp movement can be seen if training pattern is broken
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
노트
Triangle pattern broken, sharp movement is seen, scenario 1 activated 700 and 720 levels achieved today as of now.노트
Triangle pattern failed
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.