JSW STEEL BREAKS OUT OF ASCENDING TRIANGLE WITH HUGE PROFITS

TECHNICAL ANALYSIS :

ASCENDING TRIANGLE BREAKOUT -

Price has broken out of the pattern 2-3 weeks back on weekly chart
50D & 100D SMA REVERSAL -

Price has also taken support on 50D & 100D SMA simultaneously a few months back and have reversed from those levels since then
VOLUME SPIKE -

Price has shown volume spike on the previous week (10th july)
BREAKOUT FROM STRONG SUPPORT-RESISTANCE ZONE -

Price has broken out of the strong level which had earlier acted as a strong support zone

FUNDAMENTAL ANALYSIS :

OUTSTANDING EPS COMPARED TO PEERS -

Its mar'23 eps was ~12 compared to meagre 1.40 eps of its competitor
OUTSTANDING EBIT MARGIN COMPARED TO PEERS -

Its mar"23 ebit margin was ~12 compared to meagre ~7 of its competitor
OUTSTANDING NET PROFIT MARGIN COMPARED TO PEERS -

Its mar"23 net profit margin was ~7 compared to meagre ~2 of its competitor
TRIPLE PROFITS ON CURRENT QUARTER -

On top of everything they have also posted almost triple profits in jun quarter'23 giving more convictions to the prediction

TAKE PROFIT & STOP LOSS -

TP - 1028
SL - 740

Operación cerrada: precio stop alcanzado

SL has been hit long time back

peace_lover

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peace_lover

My Social Media links :

📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader

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