There is pattern in JINDALSTEL , which indicates accumulation rally and then accumulation this is a good sign of up-trending stocks . Let the price break the zone with good volume you can go long for intraday. Place a stop-loss slightly below the zone . Note : The other thing can happen too, if the price breaks the zone downwards with a domination of sellers you...
NSE:BEL
Observations:
1) On 1 day time frame, it is just at very critical support level 200. If it gets support from here then it has chance of reversal to go up again.
But since last 2 days it has been taking resistance from 21DMA. Which is a sign of downtrend.
So we can say, it is between support and resistance. Brekout on either side will give good move...
++++++++++++++++++++IF IT SUPPORTS TO TRENDLINE SUPPORT GO FOR BUYING SIDE ====OR====
++++++++++++++++++++IF IT BREAKS TRNEDLINE GO FOR SELLING SIDE WITH RETEST ******************
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES...
++++++++++++++++++++IF IT SUPPORTS TO TRENDLINE SUPPORT GO FOR BUYING SIDE ====OR====
++++++++++++++++++++IF IT BREAKS TRNEDLINE GO FOR SELLING SIDE WITH RETEST ******************
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT...
If a trend continuous go for selling side======OR======= If It Breaks wait for retest and go for long side
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR...
![BEL: Simple Trade Setup | BEL | 11-10-2021 [INTRADAY]](https://s3.tradingview.com/m/mPUZwrvg_mid.png "Simple Trade Setup | BEL | 11-10-2021 [INTRADAY]")
