JINDALSTEL trade ideas
Short term trading opportunity in JINDALSTELMetal sector looks strong now after an having consolidation phase, Jindal steel can be seen making an falling wedge on weekly chart. If it breaks 400 level with good volume then it can reach 500 level which was its last high.
Jindal Steel , Long ,Swing TradeGood to go long , Jindal Steel
RSI at 40 and price on 200 Ema on daily chart
price at swing support , can be a good swing trade
Jindal Steel & Power - A Drop coming up?As the Chart tells, It's on a downslide since past few sessions.
Downward trend with a Descending Triangle shows much weakness.
To add on, stock's trading below 200 MA, Could see some serious fall in the coming sessions.
(If it goes as the trend suggest, Price fall could be around 308-310 Levels.
345 is LOC!345 is LOC and should be SL for all long trades. With this SL, one can make a fresh entry for Target 400+
Jindal Steel - On the Verge of Completing Wave 4Might be nearing the end of Correction..
Keep an watch..
Has a good potential with Good Risk and Reward
JindalsteelJindalsteel looking too good to me Targets could 400 and above
*Reasons for selection:
Multiple Chart Patterns
1.Flag& Pole pattern
2.Discending Triangle Pattern
3.Bullish Wolf Wave Pattern
4.Double Bottom Pattern
jindal steel researchInverse flag (wedge reversal) breakout in buying side. Also metal sector are performing well in past few days. Go for long.
Jindal Steel Triangle patternLong opportunities in Jindal steel after the breakout in upside above 410 and short below 370 on closing basis.
JINDALSTEEL levels...13.09.2021 ( D candle)JINDALSTEEL exactly reverse from the previous support at weekly, so will expect huge rally in this script...mid term target 450-500
Jindal Steel closing above 20 days moving avgAfter a fall, stock consolidated below 20 days moving avg and now closed above. Looks like, this trend will continue for a while
JINDAL STEEL CMP near support lines
RSI levels below median 50
MACD line cutting signal line
Pivots Fibonacci testing Price levels
Strong fundamentals (event driven)
#Targert500
JINDALSTEL - Price and Trend SetupPrice is rising along upward trendline and reaching strong resistance level. As price will squeeze there could be breakout in coming days.
Metals - What will happen next?The charts have many similarities and they are giving clues about what will happen next. Share your opinion with chart.
JINDAL STEEL : 4th wave correctionAfter forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
News based or negative Breakout? Hold or Sell?The metals sector was down today due to a news regarding China's cut down. But Jindal Steel and Power fell below a strong support today. The stock price is currently stopped at 0.618 Fib level (drawn from previous low-high). Should investors hold or sell to take losses?
*New to the trading. Any pointers, advises and resource recommendations are welcome.
Buying opportunity in Jindal SteelJindal steel is taken support @ it 44 moving average. One buying opportunity is coming. Buy @ 400 SL would be 385 or 380. If its resistance line break and form green candle we can see 450 very soon
Jindal Steel Down Trend BONSE:JINDALSTEL
buy above 436
SL 395
T 451, 480, 500
Above 505
535 is possible
Jindal steel and power in good trend.Jindal steel and power is just a little above from its proper buying zone but can still be considered for a quick swing .
