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JINDAL STEEL & POWER --- INTRADAY SETUP -- 13/05/2022JINDAL STEEL & POWER -- 15 MIN CHART -- INTRADAY SETUP 1. Stock seen oversold at daily chart 2. lower channel breakout seen above 463.50 stock currently trading at 461 level 3. BUY at breakout level above 463.50 4. wave trend seen moveing upword direction 5. double bottom support seen as trend reversal signal 6. above 200 SMA daily chart BUY JINDAL STEEL intraday above 563.50 TARGET 468-470-472 stop loss 450 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. ! HAPPY TRADING !!
NSE:JINDALSTELLong
by champtrade111
9
More than just a swing trade opportunity #SAILSAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look. It looks like SAIL is getting ready to resume its uptrend. • There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level . • We can draw two falling channels on the price chart (Marked as Falling channels 1 & 2 on the chart). Price has broken above the inverse head and shoulder pattern, falling channel 1 and Strong resistance line. A breakout above the other falling channel is pending. For the uptrend to resume and to confirm that the correction has ended, the price has to just sustain the breakout and stay above the Strong resistance at 105. After which sail can go a long way. Possibilities of breakout failure can not be ruled out, no matter how favorable the market conditions look. Sometimes the scenarios change instantly. For Swing trade purposes: Buy level – 108.5 (above falling channel upper line) SL – 102 (below breakout candle low) Target – 113, 123, 131 If SAIL starts its up move, it can go way above its previous ATH. Reason? • China produces around half of global steel and it’s dragging down the output by reducing production. Other large steel-producing nations including India saw an uptick in production and exports. • Price hikes are most likely to be announced as coking coal prices are at elevated levels and expected to be there for a long time. • Indian steel producers will have a better opportunity to increase exports due to the absence of Russia & Ukraine. China increasing production is the biggest risk. But for the current scenarios, Indian steel manufacturers are in a sweet spot. SAIL is more than just a swing trade opportunity. I'm betting on the steel industry to grow all together and not just one stock. If you like my analysis and way of presenting, do like and follow. I'll be posting regularly. Not too many but Good-quality analyses with detailed explanations. also, comment your view, I'd love to have discussions. Happy trading. Disclaimer: This is not buy/sell advice. Please do your due diligence before making any trading decision or consult your financial advisor. Sharing my analysis and thoughts for a stronger and healthier community. Cheers
NSE:SAILLong
by Sai_Kumar
18
JSW STEEL -- INTRADAY SETUP - 22/04/2022JSW STEEL -- INTRADAY SETUP - 15 MIN CHART -- 22/04/2022 1. at 15 min chart stock trading at at oversold level from there max possibilities bounce from 730 level 2. stock cmp 734 level 737 short term resistance at trendline , buy above 737 for trend confirmation upside 3. trendline breakout also can be seen above 737 level 4. Daily chart pattern is higher high . 5. RSI at mid range DAILY CHART 54 level 6. Stock currently trading above SMA 20,50,100,200 daily chart. BUY JSW STEEL above 737 TARGET 745-750+ stop loss 725 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ... Do own analysis ** TRADE AT OWN RISK ! HAPPY TRADING. !!
NSE:JSWSTEELLong
by champtrade111
Tinplate ready for the uptrend!🤩💸🔥Buy Tinplate for Positional Trading as well as Investment💸🔥💸 Comment your views!!!🧐🤔🧐 . ✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪 The company posted the best Q3 result in its history. . ❇️The stock has given Multi-Year Volume Breakout with Cup & Handle pattern formation. Also, the Q3 result is the best result in the company's history. With the recent Volume Breakout, the stock is poised for a big rally from current levels. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Buy QUALITY stock. 2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues. 3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. 4. Build position GRADUALLY as the stock RISES. ⁠5. Trade in the DIRECTION of the BIGGER trend. 6. RIDE the TREND. Don't sell your WINNERS early. . LIKE, COMMENT & SHARE 😄😄😄
TLong
by technofunda_trader
Tata Steel ready for the uptrend!🤩💸🔥Buy Tata Steel for Positional Trading as well as Investment💸🔥💸 Comment your views!!!🧐🤔🧐 . 💡Key triggers for future price-performance: India’s share in Tata Steel’s overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein it will prioritise offshore debt repayment. . Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪 The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too. . The stock had given a 13-years long Volume Breakout in April 2021 and then after it has been in a retracement phase from August 2021 with decreasing volumes. Now with the formation of a Double Bottom in a Weekly timeframe stock is poised for a strong rally will begin from current levels. . 💎@technofunda_trader⁠ Few Important rules from my Trading Philosophy:⁠ 1. Buy QUALITY stock. 2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues. 3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. 4. Build position GRADUALLY as the stock RISES. ⁠5. Trade in the DIRECTION of the BIGGER trend. 6. RIDE the TREND. Don't sell your WINNERS early. . LIKE, COMMENT & SHARE 😄😄😄
NSE:TATASTEELLong
by technofunda_trader
3