NSE:JINDALSTEL looking good candidate for long.....
Short term target- 162
JINDALSTEL is Strong bullish on 1hrs, Daily, Weekly and Monthly chart....
U shape ...
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Comment your Views....
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Thank you,
Vishwajeet Sharma
AS YOU CAN SEE IT HAS FORMED BULL FLAG PATTERN AND ALSO IT HAS BOUNCED BACK FROM FIBONACCI`S 50 % LEVEL WHICH IS VERY GOOD THING
TARGET FOR LONG IS GIVEN GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
Key Levels for JINDALSTEL are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~ 146.30
First Target~ 147.45
Interim Resistance~149.55
Final Resistance~ 151.30
**Lower Levels**
Lower Breakout~143.80
First Target~ 142.50
Interim Support~140.50
Final Support~ 138.75
Please trade with caution and consult your financial adviser before trading....
Moving towards up with 130 support level and bull track starts @ Jindal Steel & power in two categories.
* Long for short term traders :
Present market to 152 range target (6%)
* Long for long term investors:
Partial buys, with present market and buy stop level (159). For both levels 188 is target range (30%)
* Crucial range :
152 to 158 will be the...
At the level of Rs 165, its short term bottom has been created. If the stock stays above 168 rupees then this recent swing can reach Rs.191. "Possessional traders can now buy their shares after falling further to close to Rs. 170."
Trade Idea: Short Jindal Steel below 174.5
Signals:
1) Price Rejection on break of highs
2) Swift move lower after testing new highs
3) Threatening to break pivot at 175
4) Moving Averages lined up to the head of the candle
For education purpose only
2 years ago in Feb 2016 , Nifty and Nifty Metal did bottom out together after that a year later, in Jan 2018 Nifty and Nifty Metal both made a top as well. Since then Nifty Metal is underperforming compared to nifty, while nifty climbing back to new highs, Nifty metal is just started advancing month ago.
Current rally in metal index is showing strength but need...
Ready for Elliotte wave 5 - go long
Has made a cross over of 8, 13, 21 and 55 sma
If it crosses 145 then buy for target of
TGT 1 - 152
TGT 2 - 156
SL - 138
