Jindal Steel is showing strength after retesting its anchored VWAP (red line) and filling the Fair Value Gap (FVG). The price respected this support zone, suggesting strong demand absorption at lower levels. With buyers stepping in near VWAP, the setup favors a bounce toward higher levels.
• Entry Zone: ₹1,010–1,012 (near VWAP + FVG support)
• Stop Loss: ₹1,006 (below recent support / invalidation)
• Target 1: ₹1,022
• Target 2: ₹1,024+
R:R: ~1:3 (favorable)
As long as price holds above VWAP, bias stays bullish. A break above ₹1,013 can accelerate momentum toward the targets.
• Entry Zone: ₹1,010–1,012 (near VWAP + FVG support)
• Stop Loss: ₹1,006 (below recent support / invalidation)
• Target 1: ₹1,022
• Target 2: ₹1,024+
R:R: ~1:3 (favorable)
As long as price holds above VWAP, bias stays bullish. A break above ₹1,013 can accelerate momentum toward the targets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.