📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is trading at its support level which is near 765.
📈 Script may take support at this level and bounce back from here.
📈 One can go for Swing Trade or a Positional Trade.
⏱️ C.M.P 📑💰- 808
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to...
📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is moving from it's support level (posted earlier).
📈 Script was trying to give upward moving channel breakout today but selling pressure came from top.
📈 MACD is giving Crossover.
📈 Double Moving Averages are on urge or Crossover
📈 One can go for Breakout...
Jindal Steel has given All time high breakout with Rounding bottom pattern. This Bhramastra pattern gives return of 100% in most of the situation. Now target is coming nearly around 1400 from this price.
Price is consolidating and forming a descending triangle pattern. Price is bearish as long as it stays below 798.
Buy above 804 with the stop loss of 799 for the targets 809, 814 and 819.
Sell below 794 with the stop loss of 799 for the targets 789, 784 and 779.
Next support is seen at 777 - 781.
Next resistance is seen at 818 - 822.
Check the live market...
13 Years Long Breakout Happening In Jindal Steel
Cmp 839
This Month Closing Above 800 Will Open For The Target Of 1550
800-48 = 752+800 = 1550
SL - 660 ( Monthly Closing Basis )
Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point...
Jindal Steel & power had nice cup formation since last 15 years. If now it sustains above 750-760. It has huge runup to go. This can be a good wealth creator in future.
Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels.
Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term.
Mutual funds raised their stakes recently. Quarterly results are...
As i have shred on my previouss analysis @ 780 that it is a clear confirmation of breakout and here it is with another swewt jump of 80 points on the table ,, still great potentional open, Good to Go
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Jindal Steel and Power limited
Target: RS 864
CMP: RS 822.85
ENTRY RANGE: 814-832
STOP LOSS: RS 755
Disclaimer: I am not Sebi Registered.
JINDALSTEL has formed Cup n Handle pattern and looking to breakout the resistance levels of 795-800 range. This is also it’s ATH resistance level. This is good long indication if the stock gives daily candle close above 800.
The immediate target is coming to 870.
However as this is looking to break more than 13 yrs old resistance level, this looks well poised...
