JINDRILL Swing Trade (1H)JINDAL DRILLING is in up-trend in 1H time frame and has grabbed liquidity which can fuel next up-move if Nifty holds current level of 23400.
Follow for more such trading ideas. Thanks. Happy Trading!
Jindaldrilling
JINDRILL3.
➡️highest ever sales
➡️breakout is facing rejection from the top and needs a bullish candle
➡️improvement in financials primarily through group companies
➡️new rig awaiting deployment which will increase future sales and earnings
➡️contracts with ONGC (the dependency is also a weakness)
Cup n Handle formation in Jindrill - May give a good MoveExciting thing is good big hammer on weekly time frame..lets see what happens - ST/MT
Stock trading at less than half of book value.
Company has ventured into renewable energy as well.
Jindal Drilling Multi -Year Falling Channel BreakoutAlmost a 10 year falling channel breakout has happened in jindal drilling. Usually falling channel breakout gives a huge targets and is also in this case. The target could be somewhat 440 and the CMP is 142.
JINDAL DRILLING--> Super quick upside potentialThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
