Note: This is for educational purpose only. There seems to be a Bullish RSI Divergence in Jindal Steel which basically indicates that the momentum is rising whereas the price is making lower lows in that particular period. This means there is a bullish trend to follow. Moreover, Support turned resistance is broken now and has turned to support.
BUY AFTER 15 MIN TF CANDLE BREAKOUT ABOVE 142.85 SL: 138.35 TP :156.35 1:3
NSE:JINDALSTEL looking good candidate for long..... Short term target- 162 JINDALSTEL is Strong bullish on 1hrs, Daily, Weekly and Monthly chart.... U shape ... ........ Comment your Views.... ........ Thank you, Vishwajeet Sharma
Metal sector is on very critical area if this Resistance breaks than long upside rally will come. Watch out this three metal shares: 1) JSWSTEEL 2) TATASTEEL 3)JINDALSTEEL
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 !!!
All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Refer Chart for levels Expected breakout on Apr-20th. Please check my previous post
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
NSE:JINDALSTEL jindal steel is again in the trend line if it breaks the trend line then down side tgt till marked as level on the chart and up side take till resistance
Close below 89.80 take short position for Target of 85. Long only above 92 with sl of 89.40 targets 95 & 97
Jindal Steel and Power: CMP 174.70 Target : 191.20, 230+ SL: 160 close base. Risk is yours and Reward is too yours
Buy once weekly candle close price above 187, target of 283 on medium term for 2-3 mths...
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.
if trade deal happens then metal sector may see a jump
H & S PATTERN SPOTTED IN JINDAL STEEL GO SHORT WITH TWO TARGETS IT MAY TAKE SUPPORT ON TREND LINE IF BROKEN SECOND TARGET ALSO GIVEN STOP LOSS IS ONLY 146.85
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...