you can follow idea as mentioned in the above technical analysis which i had made using trend lines . intraday traders can wait till jindal steel reaches @114-116 levels and can short sell @114-116 levels , and can take profit upto @109-108 levels easily !!! So bang bang tommorow... have fun !!!
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 30 to 50 times.
it is respecting broadening pattern as seen with yellow trendlines it must bounce back now plus it is taking supoort at 50% fibonacci level which is good but if it closes below lower trendline yellow it may go down target given and also might go up target for long also given stoploss will be lower trendline
note: 15 minute candle on closing basis must be used...
Key Levels for JINDALSTEL are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~ 146.30
First Target~ 147.45
Final Resistance~ 151.30
First Target~ 142.50
Final Support~ 138.75
Please trade with caution and consult your financial adviser before trading....