Metal sector: Nifty metals has not shown much rally but as per time cycle this sector seems to be ready to fly in next few days/weeks. My Preferred picks are: Jsw steel, Nalco, jspl.
JSPL is SWING buy for 10% upside from current Levels LTP - 604 SL - 580 Target 670+ Timeframe - 15-20 Days
JSPL once breaks from the Monthly CUP Pattern can be next Multibagger for coming 96 Months as can be seen on charts.
Setting up very nicely. Looking forward to moving on Either way This if for educational purposes. It is not recommended.
It is time to sell when you see a hammer candle (inverted) at weekly resistance.
With the overall metal sector giving a breakout on the charts, a few stocks are lagging behind and a few are fueling the rally and one among them is JINDAL STEEL & POWER ,the stock had earlier rallied with the metal sector and after a wide range low volume consolidation of about 10 months the stock has given a breakout ,it is not suggested to immediately jump...
It forms continue falling wedge pattern .It can long for target 600 and 650 soon add more if come down to 504
CHART -> JINDALSTEEL WEEKLY SETUP As seen per the chart, Flag and Pole breakout in Jindal Steel. First hurdle is to cross all time high of 501, so that will be our first target. Next target should be around 750. Since it is a weekly chart time period is 3 months to 1 year. Stoploss should be at 375 on weekly closing basis. Disclaimer: This is for educational...
On Jan 27, when the stock was at 376, this is what was suggested The stock gave ample opportunity to buy. Today JSPL has made a high of 444.80 That is 18% ROI in about 15 days. CMP 438 (16.5% approx) Profit booking can be considered Just following SImple Technical Analysis and results are in front of you Happy trading....!!! (P.S: The credit here...
JSPL - the stock is currently trading below it's 50 day - The stock is currently near it's 200 day EMA (a tad below to be precise) If 200 day EMA is withheld and the stock goes above 50 day EMA, then Target for the set up 418 / 447 - Given the volatility, consider buying in 2 tranches - one at current levels and have provisions to buy on dips towards 340-350...
NSE:JINDALSTEL can add around 440-445 avg can be done near 365 SL closing below 335 T 480, 530, 600++
After testing our nerves of steel, the stock is gaining power. A good risk-reward above resistance.
CHART -> JINDAL STEEL & PWR WEEKLY SETUP Looks like JINDAL STEEL & PWR is trading under a flag and pole pattern in the weekly time frame. Any weekly close, either break out above or break down below, of the flag's trendlines should guide further path of the stock. Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI...
Few pointers from my analysis on JINDAL STEEL AND POWER. 1. The stock has been in a significant uptrend , making higher high and higher low formation. 2. The stock has consolidated for good amount of time in the big continuation flag pattern. 3. The stock has been respecting all major Fibonacci retracement levels and has in-fact retraced upto fibo .618 level ,...
As a part of sector rotation metals are in a range where hedging will make most traders profitable. A directional trade in metals can be risky. Just see levels and keep trading.
JINDALSTEEL(D): TESTING CRUCIAL SUPPORT ZONE, RSI INFLECTION, BULLISH MARKET STRUCTURE...
JSPL(D): Trendline breakout, buy JSPL for quick 23% gain, horizon: 35 days, all oscillators are positive.
Swing idea: Buy JSPL at CMP for quick 27% gain. All oscillators are positive. Chart is self-explanatory.