Seems bullish #JINSALSTEEL-MACD bullish crossover
-Buy signal on supertrend
- Forming inverse head and shoulder
JINDALSTEL trade ideas
Jindal Steel Break-outCurrently metal sector is down other sectors are on high so prefered metel now metal also break-out so take a entry for swing trade.
intraday stock for 13/20/2021buy jindal steel at 418 for intraday and keep stoploss of 410 and keep target of 430 . intraday buy
FULL LENTH EXPLANATORY ANALYSIS ON JINDAL STEEL AND POWER.Few pointers from my analysis on JINDAL STEEL AND POWER.
1. The stock has been in a significant uptrend , making higher high and higher low formation.
2. The stock has consolidated for good amount of time in the big continuation flag pattern.
3. The stock has been respecting all major Fibonacci retracement levels and has in-fact retraced upto fibo .618 level , which is golden ratio, considered a very healthy retracement on an uptrend.
4.The stock has recently broke out of the flag pattern with decent volumes, can expect a good momentum going forward on shorter-term
5. On RSI as well the breakout and retest has happened.
Entry : can be taken near by 410-415.
Timeframe used : Daily.
Targets:
T1 : 440 (FIBO .236 LEVEL)
T2 : 500 LEVELS (ATH ZONE)
T3 : 540 (PATTERN HIGHT TARGET)
Stop-Loss : 373
Conclusion : overall the setup is Bullish and high-probability for performing going forward.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
BREAKOUT AND RETEST DONE OF RESISTANCE LINE !Jindal steel gave a decent breakout from its resistance line and retest is also kind of completed. There is a good chance that stock with touch its previous swing highs.
Some people will call it a falling wedge or falling channel or falling flag etc. But main concept here is that its a breakout of resistance trend line. Keep it simple and powerful.
This analysis was done by me just for understanding the resistance line breakout concept, this is not a stock tip, Feel free to share your views.
Jindal Steel and Power flag patternIt's possible to go 70% returns within 3 to 4 months
Target 727
Stoploss 411
JINDAL STEELWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
JINDAL STEEL... FALLING WEDGE PATTERNA breakout through the trendline from this pattern can start a new rally. And that will be good news for metal stocks.
Jindal Steel - Trendline Breakout => Breakout the major resistance trendline and closed strongly
=> looking at the rise of volumes confirms it's under bulls control
=> multiple support resistance seen near 430-461, can struggle a bit a over there.
=> levels are marked on the chart, SL - closing below trendline.
Disclaimer => This is only for educational purpose only, Trading involves Substantial risk of loss, pls consult your financial advisor before investing
JINDAL STEEL - SIMPLE PRICE ACTION - #NoRocketScienceSimple price action seen in JINDAL Steel , Trendline breakout on Daily tf. Volumes also look good, will see till the end of week if sustains can BUY for Upside.
JINDALSTEL - Fresh UpmoveJINDALSTEL is following its Weekly Trendline from Covid Lows. Recently took support from the trendline. Buying Activity has been seen in the last week.
If price sustains above 410 then it will test 450 level, and if that it sustained then it will test 500.
JINDLALSTEL
Buy-Above 810
Sl-479
Target- 450 500 New 52Week High
JINDALSTEL | Breakout from falling wedge - Potentially 20%JINDALSTEL | Breakout from falling wedge - Potentially 20%
CMP : 408
SL : 380
Target : 500
1:3+ risk reward setup
FOR LEARNING PURPOSE ONLY. Here Is Jindal Steel For You Guys 👍
If The Metal Sector Looks Good The Stock Will Give Breakout As It Is On The Verge Of Breakout 🚀🚀🚀🚀
Good Targets 🎯 On The Way.
Just Let The 1d Green Close Above The Trendline.
Thank You 🙏
JINDALSTELFalling wedge pattern formation on 1-day timeframe.
Can expect bullish momentum after breakout
opportunity to buy @ 4001.stop loss @ 355
2.first target @435
3.second target @500
near trend line breakout keep in radar see what the next
Swing trade Swing trade setup formed in JSPL in 1Day timeframe. a healthy breakout and a retracement is expected...
Long on jindal Steel JINDALSTEL showing falling wedge pattern breakout . This stock will give upside move up to 500+ projected target in short term period. The MACD bullish crossover has taken place in oversold zone . The relative strength index above 50 has also given confirmation . Candle formation above 50day EMA
Watch out and keep an eye for initial targets of 440 with the stop loss of 370 which will act as a support on lower levels
Falling Wedge Pattern Breakout in JINDALSTELOn Daily Time Frame, JINDALSTEL showing falling wedge pattern breakout. After this breakout expected this stock will give upside move upto 500+ projected target in short term period. Also, MACD bullish crossover in oversold zone indicating trend reversal of this stock. Can go long in this position with downside stop loss below 370 for target of 445 and 500+.
Wedge Breakout on Daily chartBullish Wedge breakout. One can trade at a breakout and retest of the wedge pattern and also consider the horizontal resistance line shown in blue.
