JINDALSAW Bullish; above 391 on Thursday 19 Oct. JINDALSAW Bullish; above 391 on Thursday 19 Oct.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains
INTRADAY Trading Strategy:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
This do not constitute, financial, investment, trading, or other types of advice or recommendation.
JINDALSAW trade ideas
Range breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
intraday, swing, short term; min 70% returnswait for conformation and retracement
and go futher
refer our old idea attached below
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
.
.
.
. more than that " Jindal " group is fundamentally good.
JINDALSAW - Ichimoku Bullish Breakout Stock Name - Jindal Saw 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 214
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
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JINDALSAW - Ichimoku Bullish Breakout Stock Name - Jindal Saw 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 205
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
Jindal Saw Ltd. - Modified Up-FlagJindal Saw Ltd. gave a breakout on daily chart dated 8th March 2023. This breakout was preceded by a consolidation and a rally. The breakout candle is supported by volume. This has formed the Up-Flag price pattern. The anticipated price target is Rs.198 and stop loss is Rs.157. The RR Ratio comes to 6.
NOTE: THIS STUDY IS PURELY ACADEMIC AND DOES NOT INTEND TO GIVE ANY INVESTMENT RECOMMENDATION
Jindal Saw LimitedJINDALSAW:- Rounding bottom pattern is formed, strong stock for short term, keep an eye
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 based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JINDALSAW - Potential upsideNSE:JINDALSAW
Jindal Saw - manufacturer and supplier of iron and steel pipes and pellets. Manufacturing facilities in India, US, EU and UAE.
If you trade based on Moving averages or indicators -- currently stock is trading above all - in the green zone on Daily, Weekly, and Monthly time frames.
Yesterday crossed the yearly high and possible to move further upside
If sustains above 127, we should see 144 and further upside with the current momentum.
On Weekly time frame :
The current price crossed 61.8% retracement. If we observe the last week's market conditions, even during turbulence - the stock managed to show upside momentum and closed on the positive side.
Also looking at METAL INDEX -
The Bounce from the current support level in the index - also should help in keeping the upside momentum in JindalSAW.
Add to watchlist -- trade as per your analysis.
