JINDALSTEL trade ideas
Swing Opportunity in Jindal Steel Go Long above 422.5 for Targets of 440.35, 458.2, 476.05, and 493.9 with SL 404.65
Reason to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. The stock was trading in a small range for a couple of weeks and now it gave a breakout with high volume.
Breakout in JindasteelBreakout in Jindasteel
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk
Jindal Steel & Power Cmp 421 dated 11.6.2021Jindal Steel & Power Cmp 421 dated 11.6.2021
1. Ascending triangle pattern on chart, which made
break out above 410.
Buy for tgt of 452-485 SL 410
It is just a view, pls trade at your own risk
Analysis of Jindal Steel and PowerIn the following chart, we can see that there was uptrend in the stock but after reaching its resistance it had short-fall and now its been consolidating for quite while and the last green candle suggests that it is going to give a breakout from its current resistance line
#JindalStel BO#JindalStel has given BO with enough volume.
One can enter on re-test.
Note : Only for education purpose.
Jw steel breakout outJw steel symmetry triangle breakout out and resistance breakout with good decisive candle. Support and resistance mentioned.
JINDAL STEELJindal Steel :: Positional
Strong Bounce from Support &
Symmetrical Triangle Breakout
Stay Long with SL 380
Jindal steel Jindal steel has given a break out with a good volume can give a move up side in coming days
Jindalstel going to Break the consolidation phaseJINDALSTEL is ready to break 15 days range and took support at daily 20 SMA..
#JINDALSTEL (JINDAL STEEL & POWER),TF-H4 Range #breakout after consolidation in rectangle pattern
Looking good for 455-480+ Targets on upside in short term with SL below 390 on DCB
Jindal Steel & Power is ready to fly for target 450 Buying Range for the stock is 405 to 415 accumulate in dips for target 450 . There is EMA cross overs with Triangle breakout and Open interest is also supporting the move.
JINDALSTEEL will be on fire Entry Should Be Above Breakout Level.
Buy, Stop loss, Target Mentioned On The Chart.
(P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)
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