JINDALSTEEL completed abc correction near 894
and breakout from the trendline..
look for upside targets levels
61.8% at 1020 and than 1100
MACD positive crossover.
Disclaimer : this is only for learning purpose and no trading recommendations
JINDAL STEEL looking bullish, Trendline break and retest and candle closed above resistance level (Seems to be W pattern as well), May enter around 1038 for the target around 1400, stoploss should be around 868.
Note :- Above view is for Educational purpose only, please do your own analysis before taking any trades and one can not put more than 5% from total...
Date : 12-Sep-2024
LTP : Rs. 1,004.65
Resistance Level/s: (R1) Rs. 1,080 --> (R2) Rs. 1,221
Support Level/s : (S1) Rs. 929 --> (S2) Rs. 896
Technical View:
• NSE:JINDALSTEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 1,097 on 21-Jun-2024, it has retraced 18% to...
-One simple horizontal line setup
-Volume kicking in
-Strong Sector
-Iron n Steel (Metals)
-Signal candle (white dot, when more than 5% move with more than 1M volumes) suggesting big players are buying
📈 Stock Name - Jindal Steel & Power Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1070.
🚨Disclaimer: This is not a Buy or Sell...
13 Years Long Breakout Happening In Jindal Steel
Cmp 839
This Month Closing Above 800 Will Open For The Target Of 1550
800-48 = 752+800 = 1550
SL - 660 ( Monthly Closing Basis )
Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels.
Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term.
Mutual funds raised their stakes recently. Quarterly results are...
Sock has already concluded a complex corrective structure at 24-Jan'24 low of 688 zone and started bouncing back. This suggests that stock is likely to move towards it's resistance zone of 756-760 in the coming days. Breaking above the resistance zone will lead it towards 800-820 zone over the weeks ahead.
NSE:JINDALSTEL
A solid Symmetrical triangle formed & broken out with volume.
Triangles are periods of consolidation showing rangebound trading in the stock. Once a breakout occurs, there is a good move expected up to the pattern height of the pattern .
SL - 720
Entry - 750
Target - 825
RR - 2.5
Disclaimer : This is NOT a Trade recommendation
Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started!
🔎 Understanding Key Terms
Before we delve into the analysis, let's clarify some crucial jargon:
LTF (Lower Time Frame): This is the time frame we use to execute our...
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...
MAHSEAMLES is a leading manufacturer of pipes and tubes Involved in power, electricity, and other industries. Currently trading at all-time high levels. Let's dive into the technical analysis of MAHSEAMLES to identify potential breakout patterns.
📊 TECHNICAL ANALYSIS
MAHSEAMLES is forming a potential breakout pattern on both daily and 75-minute charts,...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Jindal Steel
Time Frame = 1 Day
