JINDALSTEL trade ideas
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.
The horse of JINDAL STEELS can make your moneyJindal Steels is on Buy call, as many big Indian Traders confirmed the Flag Pattern and set good Target Points on Jindal Steels
The flag pattern is a sign of showing a great buy at the moment of breakout. The Target - 450 / 490 / 500 / 600. Stop loss maybe - 390
JINDALSTEL buysideHello guys i had find this trade setup in h timeframe which is in good uptrend and also broken horizontal trendline we have a good buying opportunity from here with below sl and tg above also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow