Stock's (20, 50)MA crossover done at 205 levels. This sector will benefit from India Govt's PLI Scheme.
*IMPORTANT LEVELS to WATCH*
Entry @ CMP or buy on dips
Target1 @ 230| Target2 @ 260
Demand Zone @ 205
Good Luck Investors❗
After Jindal Break Down Intensly, It Has Entered Into A Some Type Of Congestion Zone And At The Same Time It Has Shown Some Reversal In 1 Day Time Frame.
Congestion Zone Range - 160 - 175
Buy Above - 175
Sell Below -160
Short Term Target - 200
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Note: This is for educational purpose only.
There seems to be a Bullish RSI Divergence in Jindal Steel which basically indicates that the momentum is rising whereas the price is making lower lows in that particular period. This means there is a bullish trend to follow. Moreover, Support turned resistance is broken now and has turned to support.
NSE:JINDALSTEL looking good candidate for long.....
Short term target- 162
JINDALSTEL is Strong bullish on 1hrs, Daily, Weekly and Monthly chart....
U shape ...
Comment your Views....
vedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 30 to 50 times.
Moving towards up with 130 support level and bull track starts @ Jindal Steel & power in two categories.
* Long for short term traders :
Present market to 152 range target (6%)
* Long for long term investors:
Partial buys, with present market and buy stop level (159). For both levels 188 is target range (30%)
* Crucial range :
152 to 158 will be the...
At the level of Rs 165, its short term bottom has been created. If the stock stays above 168 rupees then this recent swing can reach Rs.191. "Possessional traders can now buy their shares after falling further to close to Rs. 170."
Most metal shares were trading in the positive zone in Friday's morning session. Jindal Stainless (Hisar) (up 2.16 per cent), NMDC (up 1.94 per cent), Hindalco Industries (up 1.78 per cent) and National Aluminium Company (up 1.04 per cent) too were trading higher. JSL create buy volume at 38.85 again create strong buy 38.95 after that create very strong buy 39.20
Trade Idea: Short Jindal Steel below 174.5
1) Price Rejection on break of highs
2) Swift move lower after testing new highs
3) Threatening to break pivot at 175
4) Moving Averages lined up to the head of the candle
For education purpose only