ParamjitMahapatro
Long

jindal steel looks bullish in short to medium term

NSE:JINDALSTEL   JINDAL STEEL & PWR
In daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
in weekly, BB is trending up and candles are sustaining above 20 ma,
in longer time frame, round bottom forming here
with sl - 150, 1st tgt - 177 2nd tgt - 208, long term tgt - 343



Dec 20
Trade active: till now 183, 1st tgt already achieved here, price bounced smartly from the support, and moving up , BB is expanding here, sign of bullishness
Jan 05
Trade active: second tgt achieved here , cheers.
Jan 05
Comment: it looks quite bullish in long term ,
long term tgts upgraded to 462 then 614
Jan 25
Trade active: till now 281.90, cheers.
Hi Paramjit

Excellent analysis I must say, well before anybody has noticed. Today it risen by 11.39% and in two weeks it risen by about 32%.

What is your view now ? Can you please do fresh analysis on charts and provide revised TGT & SL.

Thanks in advance
Reply
@psu77, thanks a lot for the comment, shared my follow up analysis, plz check
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out