Jindalsteel
JINDALSTELNSE:JINDALSTEL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
POWER ON Jindal steel and power looks good on daily chart by the closing basis break horizontal resistance trend line and closed above on that, some days back it breaks 200 days moving average and came down with very steel fall after so many days it managed to give a close above on it's 200 days moving average so the conclusion is this that we can see a sharp rally in this stock in coming sessions. Good risk to reward ratio.
Cause of long-:
1- Horizontal resistance trendline breakout.
2- Break 200 days moving average and closed above on that successfully.
Jindal Steel analysis for Cash & Futures by 3 Parameter StrategyTrade Setup
Enter the trade at the opening.
Stoploss at the low of the signal candle for aggressive traders.
Stoploss below the 20ema for positional traders.
Trailing stoploss after a 5% move.
Analysis Notes
Bollinger Band is squeezed and the breakout of the upper band.
Rsi is above 60.
Macd bullish crossover
For educational purpose only.
JINDAL STEEL & POWER - Multiple Indicators 📊 Script: JINDALSTEL (JINDAL STEEL & POWER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY METAL, NIFTY MIDCAP
📊 Sector: Commodities, Metals & Mining
📊 Industry: Ferrous Metals, Iron & Steel
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 In weekly time frame MACD is giving crossover.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 433.35
🟢 Target 🎯🏆 - 473
⚠️ Stoploss ☠️🚫 - 415
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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