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Jindal 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%)
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
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...
Hey Guys, Nifty Metals is taking bounce on EMA 20 Days metals rally is not over yet once it will break 5080 and hold its position for 5 to 15 minutes then a strong momentum market will see
Currently Jindal Steel formed Falling Wedge Pattern. There is high Chances are there for upside breakout.
Metal sector ready for boom. Watch SL and TGT on charts.
Hey 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
Please be careful in metals as it is currently trading below the trend line.
Jindal 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
✔✔ Buy @ 160-69 range trgt 192💚210💚257 sl below 145🤨🙏 Reasons for this buy 🧩🧩technically promising chart. 🧩🧩good q3 & q4 published.(Tinplate Company of India standalone net profit rises 107.08% in the March 2021 quarter) 🧩🧩Y-O-Y profit increaing gradually even the previous pandemic. 🧩🧩low debt company,therefore they offer good dividend returns 🧩🧩Current...
SHORT AT 417-418 SL 422 TARGET 405
Resistance: 415.65, 427.15(DWM level), 447.85 Support: 388.35(Major), 374.45, 352.70
The index gave a good breakout yesterday, however the RSI has not been supportive of it. We can expect correction in metals in the coming days.
#Monthly_Chart. #Long_Term #Monthly_Confirmation_Done #Good_Time_FOR_Entry Do ur Own Analysis before investment.
NIFTY METAL Index is outperforming Nifty 50 Returns and Today we have seen Fresh trendline breakout, We may See Metals Stocks Shining in next few trading sessions. Keep A close watch on TATASTEEL, JSWSTEEL, JINDALSTEL AND HINDALCO