Buy JSPL - Short Term Long

NSE:JINDALSTEL60

JINDAL STEEL & PWRNSE

Description

⋅ Jan 3, 2018 12:03 PM

Expected to reach by Q3 results announcement..

Trade closed: target reached

⋅ Jan 4, 2018 2:40 PM

Reached Target in 1 day..made a high of 252..

Trend Analysis Chart Patterns

Comments

psu77

⋅ Jan 3, 2018 2:13 PM

Today on 03 Jan 2018 volume are more than double and open interest also rose by more than 5%.

Further it has broken cup pattern with out forming a handle.

So very interesting, let see what happens

NavDeep_Charts

⋅ Jan 3, 2018 3:51 PM

@psu77, yes..

psu77

⋅ Jan 4, 2018 3:53 PM

Hi, Naveen

Now what to expect ? Further up move or side way movement or Retrenchment ?

Please do your expert charting analysis

NavDeep_Charts

⋅ Jan 5, 2018 5:45 AM

@psu77,
Basis Weekly Chart: Now its at 2.618%, we need to wait for the confirmation whether it will extend to 3.618% - 310. If Q3 results are good it may go for 310 level.
Otherwise it will correct now, it may retrace to 210 levels before starting the 5th wave..

psu77

⋅ Jan 5, 2018 9:51 AM

Please excuse me, I did not understand by your quote "Basis Weekly Chart: Now its at 2.618%" what is 2.618% value represents.

NavDeep_Charts

⋅ Jan 5, 2018 11:09 AM

@psu77, dont worry about it, its Fibonacci's levels..

NavDeep_Charts

⋅ Jan 5, 2018 11:11 AM

@psu77, Just check the Values mentioned in the message, it may go up to 310 or will correct 210..

vindan

⋅ Jan 4, 2018 3:13 AM

@psu77, the open interest is up by 0.78% as the NSE Website. Am i missing something here?

psu77

⋅ Jan 5, 2018 9:48 AM

I checked data of NSE 15:30 times than which always change after 16:30 hrs. So you may be right that O.I. up then by 0.78% only