A globally spaced company with largest production of stainless steel. Increased promoter pledge with considerable debt.High recovery from its 52 week low. Delivering good profit over years. Positive breakout confirmed . Multi year resistance line has been broken, retested and bounce back. Moving throgh a steep upward triangular channel since last 8 months ....
Stock Name - Jindal Stainless 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 415
#This is not Buy and Sell recommendation to any one. This is for...
Stock Name - Jindal Stainless 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 318
#This is not Buy and Sell recommendation to any one. This is for...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c....
JSL is in uptrend but hovering over the 10 SMA.
There was a good entry on 19th Jan '22 as the breakout i.e 245 was crossed.
Sold 1/2 quantity at 258 and trailing half quantity until the stock closes below the 10 MA in the Daily timeframe.
JSL:- Cup and handle pattern shown in progress, keep on radar...
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...
Jsl- jindal stainless is a fundamentally strong stocks.
And it is showing a breakout in daily time frame and. Breakout zone is re-tested and the stock is showing a good momentum to hold.
NSE:JSL
results are very good, moving in price channel and has given breakout with good volume if holds 193 and above then 235 to 245 will be the target.
SWING Trade Opportunity
JSL
(2 hourly chart)
Can expect 20/30/40 points rally from here
Weak below 168/165
- Good breakout with adequate volume.
- Trade opportunity with decent RRR.
Good structure on daily chart as well.
