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
This is follow-up on Jindal Saw. Can check link to related ideas.
Target 1 achieved. More than 18%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Jindal Saw has closed at a new post crash weekly closing high of 122.35 after a 4 week consolidation which saw the price range between 99-119.
The stock is currently moving up in a channel as clearly seen in the chart. Additionally, a long term resistance trendline connecting all the major tops between 2008-2021 lies overhead. This trendline currently acts as a...
BEAUTIFUL BULLISH ENGULFING CANDLE SEEN IN DAY CHART.
ONE CAN WAIT TILL 3:00 PM OR 3:15 PM FOR THE CANDLE TO CLOSE ABOVE PREVIOUS CANDLE HIGH
TARGET OF 130
SL: DAY'S LOW
RISK REWARD IS MORE THAN 1:2
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
A multiple breakout of trendlines can be seen on the weekly charts of JIndal SAW. (OPEN AND EXPAND THE CHART FOR DETAILED VIEW)
Firstly, the 7 year trendline, form 2014
Secondly, the 5 year trendline from 2016 (diagonal one)
Thirdly, the one year trend line. from 2020 (THE THINNER LINE)
Volumes too are favorable.
RSI is a bit high, hence retracement can be...
Stock has Given a Long term breakout on Weekly Chartof Bullish Price pattern called Horizontal S&R Line Breakout as you can see it has break all the previous resistance and able to sustain above 102 Rs and also volume is also increasing. All Momentum Indicators are turn into Positive from Neutral which is sign that we may see good up side here from now towards...