JINDAL 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
📈 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...
- Enter at ltp and look for target of 427+
- Technically the stocks looks good
- Will hit the target in 5 to 10 sessions
-Multiple entry points will be created in coming days
- Stock Explorers
CHART -> 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...
A massive breakout rally should begin in Jindal Steel and Power soon. It is a triangle pattern breakout and even horizontal trendlines are broken. Keep a strict stop loss at Rs.420 for targets of Rs.500-545-605 in the short to medium term. A decisive and strict stop loss is necessary in metal stocks as they tend to reverse sharply and are very cyclical in nature....
Jindal Steel was in down trend from a few days, but recently it formed a Doji candle with lower price rejection. And today it formed a bullish candle, these candlestick patterns indicate there could be a trend reversal. It is also taking support from 200 EMA of daily time frame. You can go long once it closes above 386/387 . It will be a good swing trade. Place...
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...
JINDALSTEL is following its Weekly Trendline from Covid Lows. Recently took support from the trendline. Buying Activity has been seen in the last week.
If price sustains above 410 then it will test 450 level, and if that it sustained then it will test 500.
Target- 450 500 New 52Week High