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Jindal

📈 Analyzing JINDWORLD Stock Breakout JINDWORLD has recently exhibited a significant breakout of its falling trendline accompanied by substantial trading volumes on 28th February 2024. Currently, the stock is hovering around a level that previously acted as a resistance. Interestingly, the stock retraced to test the breakout level with notably lower trading volumes. 📊 Key Points to Consider Examination of the company's income statement reveals a trend of declining profits over recent quarters, which contributed to the downward pressure on the stock previously. However, in the last quarter, the company managed to increase its profit compared to the previous quarter, potentially acting as a reason for the breakout. The breakout of the falling trendline occurred with significant trading volumes, indicating strong momentum behind the move. The current trading level coincides with a previous resistance point, now potentially serving as a support level. This retest of the breakout level presents an opportunity for traders to plan trades with a favourable risk-reward ratio. Traders should closely monitor how the stock behaves around this key level, as a decisive hold above it could signify further upside potential. Conversely, a failure to maintain support at this level might suggest a false breakout scenario, warranting caution. "In trading, every setback is a setup for a comeback. Stay resilient and keep learning from every trade!" Lastly, thank you for your support, your likes & comments. Remember, this analysis is for educational purposes only and not intended as a trading or investment recommendation, as I am not a SEBI registered Analyst. 🚀
NSE:JINDWORLD
by AfnanTAjuddin
Navigating the Trading Landscape of Jindal Steel Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started! 🔎 Understanding Key Terms Before we delve into the analysis, let's clarify some crucial jargon: LTF (Lower Time Frame): This is the time frame we use to execute our trades. ITF (Intermediate Time Frame): We use this for identifying the overall trend. HTF (Higher Time Frame): This gives us the broader view and helps identify zones on bigger time frames and perform location analysis. RBR, RBD, DBR, DBD Zones: These are price action patterns that help us predict potential market movements. RBR stands for Rally-Base-Rally, RBD for Rally-Base-Drop, DBR for Drop-Base-Rally, and DBD for Drop-Base-Drop. 🔬 Detailed Analysis of Jindal Steel Currently, Jindal Steel is trading near supplies on the 75 minute (LTF) and daily (ITF) time frames. However, the weekly (HTF) shows no supplies as the stock is coming from its all-time high, not from a supply zone. On the daily (ITF), the stock seems to be moving sideways. On the lower time frame (LTF - 75 minutes), the stock is trading at a strong support zone. As such, we can plan our entry at the 75-minute demand zone with a stop loss (SL) around 677, a target of approximately 700, and an entry around the current price of 682.5. This trade offers a low risk and high return with a risk to reward ratio of 1:3. 🚀 Show Your Support If you find this analysis helpful, please hit that 🚀 icon to like, comment, and follow my profile for more insights: in.tradingview.com 💡 Indicators Used Curious about the indicators I used? Check out my demand and supply zone indicator here: If you find it valuable, show some love by hitting that 🚀 icon! Remember, this analysis is for educational purposes only. I am not a SEBI registered analyst. Always conduct your own research before making any trading decisions. Thank you for your support and feedback!
NSE:JINDALSTELLong
by AfnanTAjuddin
Unlocking the Power of Demand Zones: Jindal Steel Analysis Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟 Understanding the Basics 📘 LTF: Lower Time Frame - This is a shorter time frame for analysing stocks. ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends. HTF: Higher Time Frame - This offers broader view of longer time. EMA: Exponential Moving Average - It represents the stock's average closing price over a specific number of days. A 50 EMA means it's taking into account the last 50 days. Decoding Jindal Steel 🔍 Jindal Steel is presently trading within the demand zones across three timeframes: LTF, ITF, and HTF. The HTF view shows the stock is at a firm support zone labelled as RBR. Although the daily (ITF) trend appears sideways, the stock's position in the weekly HTF demand zone adds a bullish tilt. The proximity of the price to the 50 EMA in the ITF confirms an upward trend over the last 50 days. In the LTF, we notice a distinct pattern named DBR with five base candles. The leg-out candle is robust, and the follow-through seems promising. Trading Strategy and Insights 💡 Considering the comprehensive scoring, a score of 12 emerges, indicating a positive outlook. 631-632 price is potential buying levels. The stop-loss (SL) can be set slightly below the 125-minute demand zone, around the 623 mark. On the upside, a target price can be positioned just under the 125-minute supply zone, approximately at 662. This offers a risk to reward ratio of 1:4. Your Action Points 🌟 Analyse the data, ensure you understand the underlying concepts, and make informed decisions. Always remember: "In trading, patience is not just a virtue, it's the key." 🔑 Your feedback means the world! Please like, comment, and follow for more insights. Every interaction counts! Don't forget to follow me for more analyses: in.tradingview.com Disclaimer: The above analysis is purely for educational purposes. I am not a SEBI registered analyst. Always conduct your research before making any investment decisions. Thank you for your continuous support🌟
NSE:JINDALSTELLong
by AfnanTAjuddin
8
JINDAL STEEL & POWER --- INTRADAY SETUP -- 13/05/2022JINDAL STEEL & POWER -- 15 MIN CHART -- INTRADAY SETUP 1. Stock seen oversold at daily chart 2. lower channel breakout seen above 463.50 stock currently trading at 461 level 3. BUY at breakout level above 463.50 4. wave trend seen moveing upword direction 5. double bottom support seen as trend reversal signal 6. above 200 SMA daily chart BUY JINDAL STEEL intraday above 563.50 TARGET 468-470-472 stop loss 450 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. ! HAPPY TRADING !!
NSE:JINDALSTELLong
by champtrade111
9
Jindal Steel & Power Analysis !!📈 Jindal Steel & Power 📉 Today broke out from a Resistance Zone which is high year 2021 on closing basis. On Buy Side I am looking for Targets of 646, 751 towards all time high StopLoss should be kept in 445-450 zone. It offers 1:5 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:JINDALSTELLong
by ShelendrAgrawal
Flag and Pole breakout in Jindal SteelCHART -> JINDALSTEEL WEEKLY SETUP As seen per the chart, Flag and Pole breakout in Jindal Steel. First hurdle is to cross all time high of 501, so that will be our first target. Next target should be around 750. Since it is a weekly chart time period is 3 months to 1 year. Stoploss should be at 375 on weekly closing basis. Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
NSE:JINDALSTEL
by kathanthakkar403
Intraday trade, go long after a good breakout of the zone. 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 can plan for a short trade . But it is suggested to buy as per the current market conditions/trend .
NSE:JINDALSTELLong
by Rehan_sharif