it is respecting well the bullish flag pattern and as it is now bouncing off lower line of flag minimum target is 423 and once monthly candle closes above upper line of flag , target for long term will be 845 good luck
Jindal Steel was in down trend from a few days, but recently it formed a Doji candle with lower price rejection. And today it formed a bullish candle, these candlestick patterns indicate there could be a trend reversal. It is also taking support from 200 EMA of daily time frame. You can go long once it closes above 386/387 . It will be a good swing trade. Place...
JINDAL STEEL & POWER: Few key points to note: - Near the support & resistance trend line - At golden ratio of prior trend. - Waves counting are mentioned - Recently tested 200 EMA I expect a small bounce from this point for 420-430-447, but we don’t have any reversal signal yet. Once a bullish candle is formed at this level, we can long for the mentioned...
From few weeks JSL’s movement is following a rising channel. I believe it will continue for few days and show drastic change whenever it will… Keep an eye on it for quite a few days and gain maximum profit when it indicates change. NSE:JSL
Jindal Steel & Pwr futures CMP:- 403.35 Trading SL below:- 379.00 Target above:- 472.00 Daily chart shows a clear Bullish Harami Candle which is considered to be a strong bullish reversal signal.
Daily break out in JINDAL STEEL, I have published it for learning purpose.
The current structure suggests that after the completion of larger degree 4th wave correction , Jindal steel is rising in its 5th wave progression of impulsive move 12345. Of which we have seen a lower degree impulse wave consisting of 5-waves & post that we have also seen a three wave correction as ABC with C as an ending diagonal on lower time frame. As per...
NSE:JSL JSL - Rounding Bottom formation with breakout a retest. Target - 230 Stop Loss - 160
NSE:JSL #JSL BO the long waited trend line with good volumes. Good above 198. Happy Trading !! If you like the Analysis, be sure to like and follow us for daily updates !!
JINDALSTEL me ( inverse head and shoulders pattern ) type se bana hua hai aaj jase hi up market opne hota hao to bue jana hai
There is pattern in JINDALSTEL , which indicates accumulation rally and then accumulation this is a good sign of up-trending stocks . Let the price break the zone with good volume you can go long for intraday. Place a stop-loss slightly below the zone . Note : The other thing can happen too, if the price breaks the zone downwards with a domination of sellers you...
The stock has broken out of the pattern, and is likely to continue its upward trend. Considering the current state, the trade can be initiated with a strict stop loss of 400 for targets of 427, 447 and 501. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment...
jindal steel chart analysis for intraday and swing trading
Swing Analysis BUY @ 1303 target @ 1367 & 1392 SL 1285 very small Breakout & Retested
=> Breakout the major resistance trendline and closed strongly => looking at the rise of volumes confirms it's under bulls control => multiple support resistance seen near 430-461, can struggle a bit a over there. => levels are marked on the chart, SL - closing below trendline. Disclaimer => This is only for educational purpose only, Trading involves Substantial...
JINDALSTEL is following its Weekly Trendline from Covid Lows. Recently took support from the trendline. Buying Activity has been seen in the last week. If price sustains above 410 then it will test 450 level, and if that it sustained then it will test 500. JINDLALSTEL Buy-Above 810 Sl-479 Target- 450 500 New 52Week High
Swing traders can plan this and take entry with SL below the BO TL.
As the Chart tells, It's on a downslide since past few sessions. Downward trend with a Descending Triangle shows much weakness. To add on, stock's trading below 200 MA, Could see some serious fall in the coming sessions. (If it goes as the trend suggest, Price fall could be around 308-310 Levels.