Jindal Steel and PowerCMP @ 422.50/- with good consolidation and volume. May reach +20 to +40.
Only for Study purpose.
Jindalsteel
NIFTY METAL: THE PARTY IN METAL STOCKS HAS JUST BEGUNMetal rally is not over it is a temporary blip.
Reasons why the rally in metal stocks may not end so soon:
1) As there is a strong demand for metals, the supply chain is not yet fully in place and there is an expectation of a super cycle, the party in metal stocks has just begun.
2) The global economic data is very strong. Once the second wave is over, then India’s recovery would also be strong. Eventually, we will see the market following global trends.
3) Chart looks very promising to me. Look at 20 DMA, it is acting as a major support. RSI is forming a higher base,which is a sign of big bullish momentum. Rest is self-explanatory.
Not everyone is equally bearish on the metal stocks. I believe the correction in prices is temporary and will not last.
My favorite picks: TATA STEEL, SAIL, JSW STEEL, & JINDAL STEEL.
JINDALSTEEL will be on fire Entry Should Be Above Breakout Level.
Buy, Stop loss, Target Mentioned On The Chart.
(P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)
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JINDALSTEL - BO done let's see what happens now :)
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Jindalsteel 1hr analysisNSE:JINDALSTEL
1hr chart of jindalstel.
Likely a retest after breakout. If we get good candlestick at the trendline retest. It will be a good risk to reward trade
Waiting for the price action at the retest.
Jindal steel and powerNSE:JINDALSTEL
forming Flag and pole pattern
Today broke 200ema of 1hr with good volume. and sustain above it.
Watch for a breakout from the triangle
15min close below 408.3 is SL for me
JINDALSTEL - Good consolidationIF it breaks down, the lower side is less = no shorting.
Long on the yellow trendline or long after BO from consolidation :)
JINDAL STEEL TO STEAL THE SHOW ⚙️⚡Reasons for strong buy
1. Elliot motive wave 5 formation ahead
2. MACD Bullish hidden divergence
3. Darvas box breakout ahead
CMP - 396
BUY above 412
Early Target - 432
Swing Target 1 - 432 /445 /500
Target 2 - 546/560
Stoploss - 380
Elliot motive wave rules
1.wave 3 shouldn't be the shortest amont wave 1,3,5
2. wave 4 should not overlap with wave 1
3. wave 2 should not break below wave 1
Check these successful trades & approach on Britannia , Mothersumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , HindZINC given below
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#37 JINDAL STEEL SWING ANALYSIS!!(GENIE IDEAS): Iam a breakout trader.I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl , tcs ,exide, tata power.
JINDAL STEEL Bullish Reversal PennantJindal Steel seems ready for up move after consolidating for past 4 weeks. A pennant formation can be soon whose breakout can lead to significant upside.
Following Swing trade can be taken.
Buy at breakout level - above 412 only,
TGT 1 - 453 (10%)
TGT 2 - 496 (20%)
SL 395 (4.3%)
Long on Jindal Steel Hey Guys,
Please refer 1 day time frame to see a massive breakout in the charts of Jindal steels and Power Ltd this retracement is just a rechecking of support of channel it is gona blast in the Metal Index Mark my words it will surely make new 52 week high by the end of June and will continue towards all time high
Long on Jindal Steels and Power LTD (JSPL)Hey Guys,
It's a right time to make a long position in Metal stocks as all metal stocks are in their retracement phase so now all are near their major support area from where they took bounce several times this is the only time when you can go long and as Jindal steel is one of the biggest beneficiary in exporting Steels so we can make a long positions in JSPL its targets are plotted on above chart.
Jindal Steel - Falling Wedge PatternCurrently Jindal Steel formed Falling Wedge Pattern.
There is high Chances are there for upside breakout.
Jindal Steel Breakout from falling Trendline Metal sector ready for boom. Watch SL and TGT on charts.
Head and Shoulder pattern on Jindal steelHey Guys,
Upper analysis of Jindal steel and Power shows head and shoulders pattern on 4Hr time frame once it will break 390 as rounded off of 391 level for the target of 350, Go short below 390
[Positional] JINDAL STEEL - Getting ready for new HighsJindal Steel has broke out from the consolidation region and retested back, sustaining those levels can ensure next upswing.
Steel sector is having a good time, so it is always better to go with sectors that are leading the market to new highs
