TradingSutra

JINDAL STEEL : 4th wave correction

Short
NSE:JINDALSTEL   JINDAL STEEL & PWR
After forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
Manish Bhardwaj
Analyst & Co-Founder
http://www.tradingsutra.com

TELEGRAM-
https://t.me/daytraderin

INSTAGRAM-
https://www.instagram.com/mansh_25

TWITTER-
https://twitter.com/mansh_25

YOUTUBE -

@TRADINGSUTRA @WAVESUTRA

Comments

i bought this stock at @422.51 but after 2 days of +ve holding the result is -1000 rs and above ,,,this company is fundamentally well and good but why its falling idk ,,,,,china is one of the reason or not idk but seriously should i hold or exit taking the loss
+2 Reply
TradingSutra abhisheksarda429263
@abhisheksarda429263, It will make new high . If you have entered as an investor then you should hold .
Reply