Jindal Steel : Seems Bullish for Short Term ! for NSE:JINDALSTEL by kbmj

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trendanalysis chartpattern indicator jindalsteel inverseheadandshoulders

Dear All Members at TradingView ,

Jindal Steel seems good for 220+ in Medium Term !

Entry : Above 183 Rs .

Targets : 187-193-205-220+ Rs .

Stop-Loss : 163 Rs .Or 169 Rs . on Closing Basis

Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .

Disclosure : I am not A SEBI Registered Technical Analyst !

Regards ,

Mohit Jangir (KBMJ)

Happy Trading !!!

Comment: 1st Targets was achieved :)

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Comments

That's a very clean chart. Great presentation

Vashisht_CFTe

@Vashisht_CFTe, Thanks :)

doesnt look like a HS..

mklives

@mklives, So what's it looking like ?

kbmj

@kbmj, right shoulder as u had mentioned is way too small to say it is HS,,thats all.. but good call..breakout above resistance ...

mklives

@mklives, Okay but there isn't any rule that Right Shoulder should have specific downside :)

kbmj

@kbmj, idea of HS is LS and RS should be of similar height..thts how i know it..

mklives

@mklives, Okay ; We will call that A Perfect H&S while this is a simple H&S :) I hope you understood it :)