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...
NSE:JSL
#JSL BO the long waited trend line with good volumes.
Good above 198.
Happy Trading !!
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Jindal Stainless Limited (#JSL) - Making a good base.
High profitability, increasing margins, reduced debt, merger news, easy earnings comparison for the upcoming quarter, all make a good recipe for a good trade. Details on the chart.
For easy reference, see this picture
1. BIG BREAKOUT ON THE CHARTS FOR JSL 12 YRS HIGH BREAKS. LOOKS GOOD ON UPPER LEVELS.
2. NEXT TARGET 200 IN RECENT TIME.
3. HUGE VOLUME FORMATION ON CHARTS.
@TradingView @Kunal_EquityRush @Piyush-Gupta
Jindal 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
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.
#JSL has given breakout from the upper trend line of the symmetrical triangle on Daily chart.
Good Volume.
Consolidation formed a pennant pattern and now BO.
Has already formed rounding bottom on Long Charts weekly/monthly
Near Term Target 110+
Potential Target 130+
SL- prev day low.
Note: not SEBI Registered. Nor any Recommendation. do your due diligence...
