JINDAL STEEL Jindal Steel looking good structure at Monthly Time Frame,, make a perfect curve & now breaking Out..
KEEP ON RADAR For Bigger Targets
Jindalstreelltd
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!
Jindal steel analysisPerfect Descending Triangle pattern formed.
I am bullish.
Sooner Gap will be filled @ 325.15.
Will add more if it sustain above 325 till 339 achieved.
Else I m ready to take hit on this.
#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 & 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.
Long on Jindal Steel Hey Guys,
Please refer 1 day time frame to see a massive breakout in the charts of Jindal steels and Power Ltd this retracement is just a rechecking of support of channel it is gona blast in the Metal Index Mark my words it will surely make new 52 week high by the end of June and will continue towards all time high
Long on Jindal Steels and Power LTD (JSPL)Hey Guys,
It's a right time to make a long position in Metal stocks as all metal stocks are in their retracement phase so now all are near their major support area from where they took bounce several times this is the only time when you can go long and as Jindal steel is one of the biggest beneficiary in exporting Steels so we can make a long positions in JSPL its targets are plotted on above chart.
Head and Shoulder pattern on Jindal steelHey Guys,
Upper analysis of Jindal steel and Power shows head and shoulders pattern on 4Hr time frame once it will break 390 as rounded off of 391 level for the target of 350, Go short below 390
JINDALSTEL Long• Downtrend occurred.
• Tweezer bottom pattern spotted.
• RSI confirms that at the time tweezer bottom formed, the stock was underbought.
* Educational Purpose Only *
NSE:JINDALSTEL
Jindal Steel - Bullish EngulfingNote: This is for educational purpose only.
There seems to be a Bullish Engulfing of last 3 sessions. The same is reflected in Volume as well. RSI beyond 70 indicates Bullish momentum. However, there will be a sideways movement before further upmove.
Jindal Steel - Bullish RSI DivergenceNote: This is for educational purpose only.
There seems to be a Bullish RSI Divergence in Jindal Steel which basically indicates that the momentum is rising whereas the price is making lower lows in that particular period. This means there is a bullish trend to follow. Moreover, Support turned resistance is broken now and has turned to support.
