jindal steel looks bullish in short to medium term Long

NSE:JINDALSTEL1D

JINDAL STEEL & PWRNSE

Description

⋅ Dec 9, 2017 1:04 PM

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

Trade active

⋅ Dec 21, 2017 5:30 AM

till now 183, 1st tgt already achieved here, price bounced smartly from the support, and moving up , BB is expanding here, sign of bullishness

Trade active

⋅ Jan 5, 2018 9:26 AM

second tgt achieved here , cheers.

Comment

⋅ Jan 5, 2018 9:28 AM

it looks quite bullish in long term ,

long term tgts upgraded to 462 then 614

Trade active

⋅ Jan 25, 2018 9:33 AM

till now 281.90, cheers.

Comments

psu77

⋅ Jan 4, 2018 4:15 PM

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

ParamjitMahapatro

⋅ Jan 5, 2018 9:31 AM

@psu77, thanks a lot for the comment, shared my follow up analysis, plz check