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Jindalsteellong

Short Term Trading Opportunity In Jindal Steel for 15 % UpsideHi, NSE:JINDALSTEL has given a Bullish Flag Breakout on Daily charts with very good volume. MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price projection like entry, stop loss on Weekly Closing basis and targets mentioned on the charts for educational purpose. Don't Forget to Subscribe to get all the updates. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:JINDALSTEL
by raigvivek
Navigating the Trading Landscape of Jindal Steel Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started! 🔎 Understanding Key Terms Before we delve into the analysis, let's clarify some crucial jargon: LTF (Lower Time Frame): This is the time frame we use to execute our trades. ITF (Intermediate Time Frame): We use this for identifying the overall trend. HTF (Higher Time Frame): This gives us the broader view and helps identify zones on bigger time frames and perform location analysis. RBR, RBD, DBR, DBD Zones: These are price action patterns that help us predict potential market movements. RBR stands for Rally-Base-Rally, RBD for Rally-Base-Drop, DBR for Drop-Base-Rally, and DBD for Drop-Base-Drop. 🔬 Detailed Analysis of Jindal Steel Currently, Jindal Steel is trading near supplies on the 75 minute (LTF) and daily (ITF) time frames. However, the weekly (HTF) shows no supplies as the stock is coming from its all-time high, not from a supply zone. On the daily (ITF), the stock seems to be moving sideways. On the lower time frame (LTF - 75 minutes), the stock is trading at a strong support zone. As such, we can plan our entry at the 75-minute demand zone with a stop loss (SL) around 677, a target of approximately 700, and an entry around the current price of 682.5. This trade offers a low risk and high return with a risk to reward ratio of 1:3. 🚀 Show Your Support If you find this analysis helpful, please hit that 🚀 icon to like, comment, and follow my profile for more insights: in.tradingview.com 💡 Indicators Used Curious about the indicators I used? Check out my demand and supply zone indicator here: If you find it valuable, show some love by hitting that 🚀 icon! Remember, this analysis is for educational purposes only. I am not a SEBI registered analyst. Always conduct your own research before making any trading decisions. Thank you for your support and feedback!
NSE:JINDALSTELLong
by AfnanTAjuddin
Unlocking the Power of Demand Zones: Jindal Steel Analysis Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟 Understanding the Basics 📘 LTF: Lower Time Frame - This is a shorter time frame for analysing stocks. ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends. HTF: Higher Time Frame - This offers broader view of longer time. EMA: Exponential Moving Average - It represents the stock's average closing price over a specific number of days. A 50 EMA means it's taking into account the last 50 days. Decoding Jindal Steel 🔍 Jindal Steel is presently trading within the demand zones across three timeframes: LTF, ITF, and HTF. The HTF view shows the stock is at a firm support zone labelled as RBR. Although the daily (ITF) trend appears sideways, the stock's position in the weekly HTF demand zone adds a bullish tilt. The proximity of the price to the 50 EMA in the ITF confirms an upward trend over the last 50 days. In the LTF, we notice a distinct pattern named DBR with five base candles. The leg-out candle is robust, and the follow-through seems promising. Trading Strategy and Insights 💡 Considering the comprehensive scoring, a score of 12 emerges, indicating a positive outlook. 631-632 price is potential buying levels. The stop-loss (SL) can be set slightly below the 125-minute demand zone, around the 623 mark. On the upside, a target price can be positioned just under the 125-minute supply zone, approximately at 662. This offers a risk to reward ratio of 1:4. Your Action Points 🌟 Analyse the data, ensure you understand the underlying concepts, and make informed decisions. Always remember: "In trading, patience is not just a virtue, it's the key." 🔑 Your feedback means the world! Please like, comment, and follow for more insights. Every interaction counts! Don't forget to follow me for more analyses: in.tradingview.com Disclaimer: The above analysis is purely for educational purposes. I am not a SEBI registered analyst. Always conduct your research before making any investment decisions. Thank you for your continuous support🌟
NSE:JINDALSTELLong
by AfnanTAjuddin
8
Unveiling MAHSEAMLES' Bullish Patterns: A Breakout OpportunityMAHSEAMLES is a leading manufacturer of pipes and tubes Involved in power, electricity, and other industries. Currently trading at all-time high levels. Let's dive into the technical analysis of MAHSEAMLES to identify potential breakout patterns. 📊 TECHNICAL ANALYSIS MAHSEAMLES is forming a potential breakout pattern on both daily and 75-minute charts, indicating a bullish trend. The stock is currently trading at all-time highs and shows increasing volume. Additionally, technical indicators suggest a strong buy sentiment. 📈 FLAG AND POLE PATTERN The daily chart exhibits a flag and pole pattern, which is a bullish reversal pattern that indicates a potential breakout. The pole represents the stock's upward momentum, while the flag represents a consolidation period. 📈 INVERTED HEAD AND SHOULDERS PATTERN On the 75-minute chart, we can see an inverted head and shoulders pattern, which is a bullish reversal pattern that indicates a potential breakout. This pattern forms when the stock makes a low, then rallies, and then pulls back to retest the low. 📊 VOLUME ANALYSIS Volume is increasing, indicating a strong buying interest in the stock. This is a positive sign for the bullish trend. 📈 PROFIT AND QUARTERLY RESULTS MAHSEAMLES has been reporting excellent profit and quarterly results, indicating a strong financial health. 📊 Final conclusion If the stock sustains above the previous resistance level of 498, it could be a sign of a breakout, and traders may consider taking long positions before the market closes. However, please note that this analysis is for educational purposes only and should not be considered as investment advice. 👉 Follow Me 👉 If you found this analysis helpful, please like and comment below. Your feedback keeps me motivated to write consistently. You can also follow me on TradingView for more articles and trade setups. Profile link: in.tradingview.com 💡 Did you know? A breakout above the flag and pole pattern's resistance level could lead to a potential gain and The inverted head and shoulders pattern is a bullish reversal pattern that indicates a potential change in the stock's trend. 💡I am not a SEBI-registered analyst. It is always recommended to do your own research and consult with a financial advisor before making any investment decisions
NSE:MAHSEAMLESLong
by AfnanTAjuddin
2
#jindalsteel #jindalstl Swing Trade OpportunityNSE:JINDALSTEL 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 364.20 SL :- 313.80 (Closing Basis) Target 1:- 391 Target 2:- 410 Target 3:- 428 and more Trailing basis ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:JINDALSTELLong
by linesandlevels
Jindal Steel & Power Analysis !!📈 Jindal Steel & Power 📉 Today broke out from a Resistance Zone which is high year 2021 on closing basis. On Buy Side I am looking for Targets of 646, 751 towards all time high StopLoss should be kept in 445-450 zone. It offers 1:5 Risk To Reward. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:JINDALSTELLong
by ShelendrAgrawal
JINDAL STEEL : Anticipation of 5th wave (Dhanteras pick)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 the current structure one should go long on current levels with SL of 400 & look for the upside targets of 450/500/550/600. NOTE: if the SL reached then that should be not taken as bearish event. This idea holds good as long as the level of 350 level is maintained.
NSE:JINDALSTELLong
by TradingSutra
3
Jindal Steel - Falling wedge + Coming out of correction soon! Key Highlights: 1. Potential change in MS underway 2. Falling wedge pattern 3. Rejection from trendline atm 4. Approaching the demand zone 5. Ripe for the next impulsive move 6. Accumulate between 370-380 7. Target: 410, 445, 499 8. Stop loss: 364 You are always advised to use an appropriate Risk-Reward ratio as per your strategy. P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:JINDALSTELLong
by johntradingwick
5