Jindal Steel Breakout for learning purposeBeauty of True Break out
JSW steel Symmetrical Triangle
formation observed in
daily time frame
For beginners and learners a good
breakout example for learning
mcpriceaction
JINDALSTEL trade ideas
jindal steel 1 hrin making on inv. H&S expecting good move above 425
Do your own research before trading
Jindal Steel & Power Short TradeLevels are explained in charts with Entry, Target & Stop Loss.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
JINDALSTEL 460 +10% UPSIDE POSSIBLE SWING TRADENSE:JINDALSTEL
Trade Logic | UPTRENDING MOVING AVERAGE. BREAKOUT SWING HIGH BUY
Entry 420
Stop 380
Target 460
RR 2.0+ 2nd Target Open
Details on chart as always
1 FREE trade idea Daily/Weekly.
Trade Size 5%- 10% Max
Max Trades 10-20/ Month
Time Frame 1 WEEK - 1 MONTH. Max
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----**All Stocks Shared are in My Personal Trade Portfolio***----
TEST FIRST / THEN TRADE
Inverse H/S---🤑🤑An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs
JINDAL STEEL AND POWEROut of the cloud with a strong breakout on price and volumes. F&O data shows short covering. Nice RSI and trading above Moving averages.
Target 475 and 505 in medium term.
JINDALSTEL, BEARISH OR BULLISH?Metal stocks are on a run as the CNX METAL index ended the week adding 4%. The same can be seen in JindalStel, it ended the week with around 3% gains. But the chart pattern indicates possibly something different. On the daily chart, it is possibly forming a bearish "Rising Wedge Pattern".
Points to Note:
1. JindalStel is facing strong resistance around 421 levels followed by 430 levels. The initial support comes at the upward wedge channel line followed by strong support near 380 levels.
2. Daily RSI is showing positive divergence against price indicating bullish sentiment.
3. MACD line is hovering above the signal line indicates bullishness but the height of histograms are decreasing.
My Views:
I recommend remaining cautious since Friday's breakout might be a fake breakout as it has given the same in past. A close above 421 levels on daily basis will confirm the breaking of the "Rising Wedge" pattern failing to do so will consolidate within the wedge. A breakout below the wedge channel will tank towards the immediate support near 380. I would recommend waiting for a confirmation and don't go too aggressive on either side.
THOSE ARE MY VIEWS AND ARE ONLY FOR KNOWLEDGE PURPOSES ONLY, ACT WISELY.
JINDALSTEL [flag pattern]A bull flag pattern with good consolidation after breakout ...... happen good "watch on "
Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only.
Consult your financial advisor before taking any decisions
channel pattern potential swing parallel channel pattern-
take entry at bottom with small stop loss.
most of traders take trade at breakout of channel pattern but it gives low risk reward ratio. so we should take trade at bottom of channel pattern.
By taking entry at bottom we can expect huge risk reward.
NOTE-;
IN channel pattern always trying to take entry when price hit bottom of channel with a engulfing green candle around 3%
This learning from my back tested data
Follow me for more learning with potential swing trade
thanks for reading
Jindal Steel forming a double bottom.Jindal Steel is forming a double bottom on a trend line, on daily time frame. It is a good sign of reversal as it was in a down trend. Go long after a bullish breakout of the upper horizontal line (411 Rs), place a logical stop-loss and targets.
#Jindalstel cash : Looks good above 390.10#Jindalstel cash -Positional call
03 Jan 2022
Looks good above 390.10
stoploss 385
Tgt 398-400/408
Cmp 385.85
JINDALSTEL - Swing CandidateJINDALSTEL
Buy-Above 409
Sl-370
T-457.55 480+
The stock is ready for a momentum above 409.
Breakout done Jindalstel and retesting almost done !!!!please refer the chart .
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JINDAL STEEL & POWER TRIANGLE BREAKOUT.After good consolidation of about a month or so Jindal steel and power is again ready for long due upside rally. one can go long on buy on dips basis till 380 levels for possible targets of 450 and then 500 with an sl of 345 below DCB (daily closing basis)
Flag and pole pattern?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 registered. Please consult your financial advisor before taking any action.
Jindalstell Strong breakout after re testing 200 ema.jindal steel breakout in 1 day time frame and retesting from 200 ema.
Jindal SteelSwing Trade Buy Jindal Steel Cmp - 391 ; Tgt - 450 ; SL - 360 ; More Analysis Follow Me And Like and share
Jindal Steel and Power - Broadening Triangle Pattern Broadening Triangle Pattern - A very rare pattern as it makes Higher high and higher lower (View neutral)
JINDALSTEL | Bullish sign near Channel support - All set for 30%JINDALSTEL | Bullish sign near Channel support - All set for 30%
CMP : 381 (Dip : 350)
SL : 325
Target : 475
1:5+ risk reward setup (Calculated based on Dip)
