Only for educational purpose.Not a recommendation
Now at the support level. Profit booking taking place. A Good bounce over is expected from here. If it goes downwards second support is at 104.
NSE: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...
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 125
#This is not Buy and Sell recommendation to any one. This is for education...
add this to your watchlist and wait.
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.
closed above supply zone , and participation has increased in last few days keep an eye . 111 is on board . accumulate till 90. place stoploss below 90
NSE:JINDALSAW
Good consolidation breakout on the hourly chart with heavy volume activity.
Pattern target comes at 105, which is incidentally also the R2 level of the monthly pivots.
A trade here with an SL below the breakout candle low gives a R:R of 1:1.8, which is pretty decent.
Stock has given a good volume breakout after consolidating for almost 15 trading sessions. We can considering entering in this sock with 10% of the budget and rest on the confirmation of the trend and Stop loss will be the previous swing.
We can also wait for the initial retracements for entry using Fibonacci levels.
DO COMMENT IN CASE OF ANY CONFUSION
The stock has given a 1-year-old trendline breakout and looks good above 91.2 level for positional targets of 93.5, 96 and 98.5.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management.
I always encourage partial booking 1-2% profits and use a strict trailing stop loss.
Idea is positional and only carry position on day...
This stock has been in its accumulation phase for the last 7 weeks. It is highly likely to swing back up in the coming days or weeks. Keep it on your WL.
======
This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often...
Price has gave a strong response from the demand zone and started an upward momentum if there is a breakout from the upper trend line we can see a big move till the supply zone or else the price will keep moving in the channel until it reaches towards supply zone, look for an opportunity after the breakout or at the lower trend line.." EDUCATIONAL PURPOSE "..
![JINDALSAW: Jindal Saw [Watchlist Stock]](https://s3.tradingview.com/w/w6JikzId_mid.png "Jindal Saw [Watchlist Stock]")
