Jindalsteel 1hr analysis

1hr chart of jindalstel.
Likely a retest after breakout. If we get good candlestick at the trendline retest. It will be a good risk to reward trade
Waiting for the price action at the retest.

Note

Showing signs of taking support at the trendline retest

Note

bullish engulfing pattern in 30min time frame. The volume is less. Planning to enter at a 5min timeframe pullback

Note

Jindalstel is giving good move upside.
418 is my target. Will hold if target is not achieved today

Note

exiting 80% qty at 417

Note

exited full qty.

vyas1394

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.