JINDAL STEEL looking good for LongsJINDAL STEEL looking bullish, Trendline break and retest and candle closed above resistance level (Seems to be W pattern as well), May enter around 1038 for the target around 1400, stoploss should be around 868.
Note :- Above view is for Educational purpose only, please do your own analysis before taking any trades and one can not put more than 5% from total capital in one trade.
JINDALSTEL
Double Moving Averages Crossover Swing Trade - JINDALSTEL📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 1077
🟢 Target 🎯🏆- 1162
⚠️ Stoploss ☠️🚫 - 1038
⚠️ 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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Happy learning with trading. Cheers!🥂
Double Moving Averages Crossover Swing Trade📊 Script: JINDALSTEL
📊 Nifty50 Stock: NO
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 849
🟢 Target 🎯🏆 - 890
⚠️ Stoploss ☠️🚫 - 825
📊 Script: VTL
📊 Nifty50 Stock: NO
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
⏱️ C.M.P 📑💰- 442
🟢 Target 🎯🏆 - 472
⚠️ Stoploss ☠️🚫 - 425
📊 Script: JSWENERGY
📊 Nifty50 Stock: NO
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 528
🟢 Target 🎯🏆 - 561
⚠️ Stoploss ☠️🚫 - 511
📊 Script: NYKAA
📊 Nifty50 Stock: NO
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Trading
⏱️ C.M.P 📑💰- 161
🟢 Target 🎯🏆 - 173
⚠️ Stoploss ☠️🚫 - 155
📊 Script: SUNPHARMA
📊 Nifty50 Stock: YES
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 1620
🟢 Target 🎯🏆 - 1692
⚠️ Stoploss ☠️🚫 - 1590
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
At Support - JINDALSTEL📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is trading at its support level which is near 765.
📈 Script may take support at this level and bounce back from here.
📈 One can go for Swing Trade or a Positional Trade.
⏱️ C.M.P 📑💰- 808
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Just A View - Channel Breakout Soon - JINDALSTEL📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is moving from it's support level (posted earlier).
📈 Script was trying to give upward moving channel breakout today but selling pressure came from top.
📈 MACD is giving Crossover.
📈 Double Moving Averages are on urge or Crossover
📈 One can go for Breakout Swing Trade only above 860.
📈 One can take risky trade of 30 points also as breakout is above 860.
⏱️ C.M.P 📑💰- 837
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
JINDAL STEEL & POWER LTD - Positive Trend #JINDALSTEL
CMP ₹:744.85
Date: 04-01-2023
Technically looking good.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
JINDALSTELP/E: 17
ROCE: 14.2%
Company has delivered good profit growth of 44.7% CAGR over last 5 years.
Net Profit worth Rs. 1,390-/ Cr in Sep 2023
Given Strong Breakout on Daily Time frame with Head & Shoulder Contribution Pattern. Strong Volume Buildup.
Entry: 728
Target: 765, 835 ++
Stop Loss: 675 DCB
Dip Level buying was: 662 with Targets: 741, 821, 901, 981. 581 DCB SL.
Disclaimer: Strictly for Educational and Learning Purpose.
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.
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💡 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!
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!
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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🌟
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.
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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
JINDALSTEL - Ichimoku BreakoutStock Name - Jindal Steel & Power Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 668
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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JINDALSTELJINDALSTEL:- Stock is about to give breakout, may see downside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Jindal Steel & Power LimitedJINDALSTEL:- Ascending triangle pattern has been formed on the hourly chart, showing that the stock is trying to give breakouts again and again. Keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JINDALSTEL - Ichimoku Bullish Breakout Stock Name - Jindal Steel & Power Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 579
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.