JSLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
JSL
HOURLY ANALYSIS OF JSLGood zones for trade.
Entered the stock for swing trade at 160 then it made a high of 164.70 and then came back from the resistance level.
As Good results are shown by the company we can expect good move anytime soon.
For the third the stock was trying to break the resistance.
Hope it will break it on the 4th time.
Will add more quantity on the major support as per the reaction.
AT LEAST 10% TARGET
Do tell me your ideas in the comments.
Late night Technical analysis talk - 15 STOCKS We discuss potential stocks provided by you guys only in my DMs and comment sections so give your stocks in comments and DM me for tomorrows video :)
👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
✣ Supply/ Demand: In the supply zone, the prices are higher than the bid price, and in the demand zone, they are lower. The bid price is what a trader is willing to pay for a stock
👑 Important levels - explained well
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls
Breakout in Jindal Stainless Ltd...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.
Target 1 (12%) achieved in Jindal Stainless. Target 2 is ON...This is follow-up on Jindal Stainless Ltd. Can check link to related ideas.
Target 1 achieved. More than 12%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing 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.
jsl at major resistancejsl has completed its round bottom formation for second time. round bottom formation is a reversal pattern in which the selling pressure is seen first at bottom levels bulls start gaining power and complete the curve. as you can see the curve to be completed and its at major resistance near 120. it has retraced twice from this level thus making it a physcological level. the price might see some correction forming a handle formation as in cup handle pattern. if the price crosses 120 from high volume the stock might see further upside but i oubt it as profit booking might start at this level
#JSL Cmp100.90 #target 121(20%+) #BANKNIFTY #INFY #TCS #RELIANCE#JSL
NSE: JSL
Long Term Investment
CMP 100.90
Target : 121
SL : 91
Timeframe < 60 Days
Can hold for longer time
Factors:
Rounding Bottom Pattern
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
#JSLHISAR CMP191 #Target 251(32%) #JINDALSTEL #JSWSTEEL #SAIL#JSLHISAR
NSE: JSLHISAR
LONG TERM INVESTMENT
CMP 191.30
Target : 251.80
SL : 171.60
Timeframe < 60 Days
Can hold for longer time
Factors:
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.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#JSL Jindal Stainless, pennant pattern#JSL has given breakout from the upper trend line of the symmetrical triangle on Daily chart.
Good Volume.
Consolidation formed a pennant pattern and now BO.
Has already formed rounding bottom on Long Charts weekly/monthly
Near Term Target 110+
Potential Target 130+
SL- prev day low.
Note: not SEBI Registered. Nor any Recommendation. do your due diligence before taking trade.
#TATAMETALI 23%$return $TCS $TATASTEEL $JSWSTEEL $HINDALCO $SAIL#TATAMETALI
TATAMETALI
CMP: 1055.70
Target: 1300++
May Hold if longer time frame planned.
Stoploss: 897 (on close price basis)
Time Frame: Less than 3 months.
Factors:
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
High Revenue
High Cash flow
Asset Quality Good.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout.
The stock has given a all time high breakout.
Potential to reach high further.