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
JIndalstel - 50% Retracement done today - 30 august 2018 61.8% and 78.6% marked in the chart - 230 and 248 respectively. Respected 20 DMA after last U turn and bounced back from lower bands to upper band. Bollinger bands have started expanding and stock is coming out of negative territory. Looking good for 78.6% retracement in SEP series.
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
INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 19th) JINDALSTEL (JINDAL STEEL & POWER) #SELL BELOW 175
JINDALSTEL day chart study
JINDALSTEL break previous trend line keep watch Pullback. If Do not break Up Enter the trade
Buy JINDALSTEL at CMP (254+) T1: 260 T2: 268 T3: 275 SL: 248.5
Buy JINDALSTEL between 232-240 T1: 290 T2: 350 SL: 204
Short JINDALSTEL belwo 169 T1: 164 T2: 160 SL: 174