JSPL Pinbar at Weekly Resistance.Time to go down. GO GO GO!!!It is time to sell when you see a hammer candle (inverted) at weekly resistance.
JINDALSTEL
Jindal steel analysisDaily BO + Volume is supporting.
BO > Retest > Entry > Good RR > Gap Fill sooner.
#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.
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.
Breakout in Jindal Steel & Power Limited...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
flag pattern in making with multiple confluencebroken important resistance around 350 and than consolidating in a range .
bounced from 0.61% retracement level of fibonacci.
flag kind of structure is in progress.
buy above 500 in intraday
if sustains above 500 than we can buy for short term trade with sl below 450 DCB
target 600, 750
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Jindal Steelhigh : 10/05/2021 : 501.70
low : 03/04/2020 : 62.00
75 % : 391.77
50% : 281.85
25% : 171.92
JINDALSTEL Trade SetupWait for proper breakout and retest and then one can look for entries.
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JINDALSTELJindal Steel & Power Ltd.
JINDALSTEL
CMP: 441
- Tight consolidation for 8 months
- I don't want to miss this one
Jindal Steel & Power gaining some POWERAfter testing our nerves of steel, the stock is gaining power. A good risk-reward above resistance.
Jindal Steel forming a double bottom.Jindal Steel is forming a double bottom on a trend line, on daily time frame. It is a good sign of reversal as it was in a down trend. Go long after a bullish breakout of the upper horizontal line (411 Rs), place a logical stop-loss and targets.
JINDALSTEL - Swing CandidateJINDALSTEL
Buy-Above 409
Sl-370
T-457.55 480+
The stock is ready for a momentum above 409.
Jindal Steel Long Trade (Buy)Jindal Steel was in down trend from a few days, but recently it formed a Doji candle with lower price rejection. And today it formed a bullish candle, these candlestick patterns indicate there could be a trend reversal. It is also taking support from 200 EMA of daily time frame. You can go long once it closes above 386/387 . It will be a good swing trade. Place logical stop-loss (Suggested : Below EMA 200 1D timeframe).
JINDAL STEEL & POWER(SHORT TERM BOUNCE)JINDAL STEEL & POWER:
Few key points to note:
- Near the support & resistance trend line
- At golden ratio of prior trend.
- Waves counting are mentioned
- Recently tested 200 EMA
I expect a small bounce from this point for 420-430-447, but we don’t have any reversal signal yet. Once a bullish candle is formed at this level, we can long for the mentioned targets.
However for long term (1 YEAR & ABOVE) I am not bullish on this stock at this point of time because few important parameters are not met.
CHART & ANALYSIS – ADARSH DEY
Jindal Steel & Pwr futuresJindal Steel & Pwr futures
CMP:- 403.35
Trading SL below:- 379.00
Target above:- 472.00
Daily chart shows a clear Bullish Harami Candle which is considered to be a strong bullish reversal signal.
#SANCO SANCO #NIFTY #BANKNIFTY #FINANCE #NFT #BTCUSD #MATIC #NSENSE:SANCO
Sanco Industries Ltd.
NSE:SANCO
CMP: 10.10
Target: 13 ++
SL: 8.60
Timeframe: < 6 months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
JINDALSTELJINDALSTEL me ( inverse head and shoulders pattern ) type se bana hua hai aaj jase hi up market opne hota hao to bue jana hai
Intraday trade, go long after a good breakout of the zone. There is pattern in JINDALSTEL , which indicates accumulation rally and then accumulation this is a good sign of up-trending stocks . Let the price break the zone with good volume you can go long for intraday. Place a stop-loss slightly below the zone . Note : The other thing can happen too, if the price breaks the zone downwards with a domination of sellers you can plan for a short trade . But it is suggested to buy as per the current market conditions/trend .
Jindal Steel - Trendline Breakout => Breakout the major resistance trendline and closed strongly
=> looking at the rise of volumes confirms it's under bulls control
=> multiple support resistance seen near 430-461, can struggle a bit a over there.
=> levels are marked on the chart, SL - closing below trendline.
Disclaimer => This is only for educational purpose only, Trading involves Substantial risk of loss, pls consult your financial advisor before investing
JINDALSTEL - Fresh UpmoveJINDALSTEL is following its Weekly Trendline from Covid Lows. Recently took support from the trendline. Buying Activity has been seen in the last week.
If price sustains above 410 then it will test 450 level, and if that it sustained then it will test 500.
JINDLALSTEL
Buy-Above 810
Sl-479
Target- 450 500 New 52Week High
Falling Wedge Pattern Breakout in JINDALSTELOn Daily Time Frame, JINDALSTEL showing falling wedge pattern breakout. After this breakout expected this stock will give upside move upto 500+ projected target in short term period. Also, MACD bullish crossover in oversold zone indicating trend reversal of this stock. Can go long in this position with downside stop loss below 370 for target of 445 and 500+.
