jindal stainless bullishJindal Stainless Ltd. is a holding company, which engages in the provision of stainless steel flat products. it is on a bullish move and can continue its movement.
tgt-sl-entry marked on the chart
JINDALSAW
Breakout in Jindal Saw...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.
Target 1 (18%) achieved in Jindal Saw. Target 2 is ON...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 consult your financial advisor before taking any trade.
Jindal Saw - Weekly closing high. Strong mid to long term buy.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 very strong resistance and our mid term price target (trendline is currently at 162).
If and when the stock breaks through and closes above this trendline (Labelled as Long Term Resistance TL on the chart), the stock will move up significantly. One can buy Jindal Saw at CMP and add on any downside
Stop Loss : 114 (WCB). For longer term investors, a WCB stop loss of 99.5 is ideal
Targets : Rising channel resistance at 143, Long term trendline resistance at 162; both are ideal short to medium term targets. A weekly close above the long term resistance trendline (currently at 162) will lead this stock to new all time high levels(the current ATH is 185.45 and it was made in December 2007)
'JINDALSAW' trading opportunity Buy/Sell only on given levels.
The above chart is only for educational purpose.
Make sure you don't trade blindly, reanalyze and trade.
JINDALSAW SWING ANALYSISBEAUTIFUL 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
ENTER @108
TARGET OF 130
SL: DAY'S LOW
RISK REWARD IS MORE THAN 1:2
Jindal Saw LongStock 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 120-125 as next resistance along with support of 102 on closing Basis.
We have seen good rally mostly in all Midcap Metal Stock but this stock has participated in the rally.
#JSWENERGY #Jindal #BankNifty #Nifty #Breakout #Resources $GLD #JSWENERGY
NSE: JSWENERGY
CMP: 126
Target: 136+
Target 2: 146++
SL: 126
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 146 in longer time.
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With 💚 from Rachit Sethia
Jindal Saw might go up 8% soonThe 2 resistance/support zones which became valid in January 2020 (before the pandemic fall) and the 'trend based fib extension' levels points that, Jindal Saw can grow more. Above 103, it can go up 8.54% ie till 111.8. Place the stop loss at 95.5.
Positive news attached : "Jindal Saw Ltd reported 30.43% yoy growth in consolidated revenues for the Mar-21 quarter at Rs3,783.85cr"
JINDAL SAW LONGA 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 seen soon till 103-104
I would suggest going long on Jindal SAW for a swing trade. Levels are mentioned below.
Entry: Around 104 after retracement
Target 1: 122-123
Target 2: 140-141 (Fibonacci Retracement used)
SL- 100.50
TRAIL STOP LOSS
According to Fibonacci Retracement, the stock has broken the major resistance of 102, and is ready to move upwards in coming weeks.
Risk-Reward favorable.
Thanks
FOLLOW IF YOU LIKE IT.
JINDALSAW : Long with 1:2 R:RDtd : 31st May TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
#SUNFLAG CMP 67.95 Target 90 #INVEST #STOCK #TRADE #STEEL #IRON#SUNFLAG
NSE:SUNFLAG
CMP 67.95
Target 90++
May Hold After Target Reached.
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Might blast to more than 100.
Super Bullish on this stock.
From Rachit Sethia with 💚
#TATAMETALI 23%$return $TCS $TATASTEEL $JSWSTEEL $HINDALCO $SAIL#TATAMETALI
TATAMETALI
CMP: 1055.70
Target: 1300++
May Hold if longer time frame planned.
Stoploss: 897 (on close price basis)
Time Frame: Less than 3 months.
Factors:
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
High Revenue
High Cash flow
Asset Quality Good.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout.
The stock has given a all time high breakout.
Potential to reach high further.
1:3.5 Risk Reward opportunity on JINDALSAWA H&S Shoulder pattern indicates easy testing of the trendline again. Please keep a strict stop loss since the break of the trendline and below our SL level will be a downfall in the stock. The trendline is very very important since the trendline is being followed for the last 11 months, and hence the stop loss should not be modified unless asked to do so.
Background
Although fundamentally Jindal Stainless is better than Jindal Saw, however, since Jindal Stainless broke the trendline and is giving a sideways movement.
Buy around 67.8 with an SL of 64.3 (3.5 Rs stop loss) for a target of 76, 86, 90, 114
Let us assume
Max Loss: 3.5 points
Max Profit: 8.4, 18.4, 22.4, 56.4
One can hold until 86 with an SL of 81.
Profit at 86: 18.4 points
Risk Reward: 1:4
Positional/Swing/Intraday- watch for resistance breakoutconsolidating at upper end near resistance
Buy above 85
for Swing keep Stoploss 78 ,Positional Stoploss 70
Target -91, 93, 99, 100++
jindalsaw delivery based ideabuy in delivery target 81.55 stop loss is red line on candle closing basis
jindal saw double gartley harmonic patternbuy in delivery
always maintain stoploss
trade and invest at your own risk
JINDALSAW - PVXPJINDALSAW - PVXP
S&R - CHANNEL PLAY = FNP
19 Feb 2021 - CMP 74.60
Buy above 75
SL 66
TGT 80 / 100 +
✈🚀🛩 jindal steel might fly high after breakoutNSE:JINDALSTEL
🙄😲😳🥺🤓👁👀 keep open and don't think to short without conformation. all levels mentioned keep adding few quantities after each breakout and if break any support book it.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
