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.
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
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick , the body of which completely overlaps or engulfs the body of the previous day’s candlestick .
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks...
A cup and handle pattern was formed in Jindal Steel and Power. This is not a buy or sell recommendation. This chart is for educational purposes only. Please do your due diligence before taking any decision or consult your financial advisor.
The chart is self-explanatory. As long as the stock is trading above 585-586. chances to go to the levels of 600 are there.
Only for learning and sharing purposes. not a bit of trading advice in any form.
All the bwst.
#JINDALSTEEL (M):- Looking good for a 900 target with volume only above 610.
JINDALSTEEL, if there is a breakout over 610 with strong volume and it breaks the 2011 Horizontal Resistance, then it will be a terrific opportunity to earn a tonne of money, so keep a watch on JINDALSTEEL.
#JindalSteelPower showing a very good CnH formation and very strong BO.
Price is moving ahead of all time high and seems ready for 25% and 35% upside.
Can be added and add more on corrections.