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champtrade111
May 12, 2022 4:19 PM

JINDAL STEEL & POWER --- INTRADAY SETUP -- 13/05/2022 Long

JINDAL STEEL & PWRNSE

Description

JINDAL STEEL & POWER -- 15 MIN CHART -- INTRADAY SETUP

1. Stock seen oversold at daily chart

2. lower channel breakout seen above 463.50 stock currently trading at 461 level

3. BUY at breakout level above 463.50

4. wave trend seen moveing upword direction

5. double bottom support seen as trend reversal signal

6. above 200 SMA daily chart


BUY JINDAL STEEL intraday above 563.50

TARGET 468-470-472

stop loss 450

** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. !

HAPPY TRADING !!

Comment

JINDAL STEEL INTRADY TARGET RAISED TO 475

9.10 AM -- 13/05/2022

Comment

BUY AT RETRENCHMENT 468-470

Comment

JINDAL STEEL TARGET RAISED TO 480 9.18 AM --13/05/2022

Comment

TARGET 475-478 HIT !

Comment

JINDAL STEEL & POWER FINAL INTRADAY TARGET 480 SHOOT ...11.25 AM --13/05/2022

HAPPY TRADING . !!

Trade closed: target reached

Comment

About intraday today. !!
TRADE successful buy level 468 sell at 478 , overall successful exit with good profit !
after booking profit stock fall inline with nifty & close bellow previous close in red.

learning of day : intraday action should be very quick for entry and exit . !
Comments
psyank281
Champ, i am in sell in NTPC and BOB (146.75 and 97.55) (300 and 500). Market is moving up...let's see ...
champtrade111
@psyank281, TODAY i expect bounce back and it happn specially metal stock jumping couse off extreme oversold good profit in jindal steel bought 468 sold 478 ,
psyank281
Great Champ, i am stuck today lol
champtrade111
@psyank281, nifty support at 15870-15900 see if you get atleast equilibrium at that level, !!
champtrade111
@psyank281, ntpc above 149 can go up. keep stop above 149.50 , BOB resistance 98.75 break above will go up , keep stop 99
psyank281
@champtrade111 booked ntpc at 145.15
psyank281
@champtrade111 How much should it reach? BOB? I have converted my position in long..100.20?
champtrade111
@psyank281, its good for NTPC you exit with profit , BOB close at near 95 , 200 SMA support , nifty still so much volatile today you may have seen 250 Point up and close in red , still 15000 Level open downside if 15750 Broken, Short term position should be avoided , either take intraday position or Mid - term. this is my advise .!
champtrade111
@psyank281, after exit my trade i was out , seen your mesg just now. !
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