JINDALSTEL trade ideas
Long consolidation - Breakout ?Symmetrical Triangle formation supported at 50 EMA consistently.
Wait for the breakout candle with volume.
JINDALSTEL - BO done let's see what happens now :)
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Jindalsteel 1hr analysisNSE:JINDALSTEL
1hr chart of jindalstel.
Likely a retest after breakout. If we get good candlestick at the trendline retest. It will be a good risk to reward trade
Waiting for the price action at the retest.
Jindal steel and powerNSE:JINDALSTEL
forming Flag and pole pattern
Today broke 200ema of 1hr with good volume. and sustain above it.
Watch for a breakout from the triangle
15min close below 408.3 is SL for me
Jindal Steel & Power is ready for BO once crossed above the boxJSPL is consolidating and trading in a range, BO is expected for target of 430-449 in near term.
JINDALSTEL - Good consolidationIF it breaks down, the lower side is less = no shorting.
Long on the yellow trendline or long after BO from consolidation :)
JINDAL STEEL TO STEAL THE SHOW ⚙️⚡Reasons for strong buy
1. Elliot motive wave 5 formation ahead
2. MACD Bullish hidden divergence
3. Darvas box breakout ahead
CMP - 396
BUY above 412
Early Target - 432
Swing Target 1 - 432 /445 /500
Target 2 - 546/560
Stoploss - 380
Elliot motive wave rules
1.wave 3 shouldn't be the shortest amont wave 1,3,5
2. wave 4 should not overlap with wave 1
3. wave 2 should not break below wave 1
Check these successful trades & approach on Britannia , Mothersumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , HindZINC given below
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#37 JINDAL STEEL SWING ANALYSIS!!(GENIE IDEAS): Iam a breakout trader.I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on indraprastha gas, ubl , tcs ,exide, tata power.
JINDAL STEEL Bullish Reversal PennantJindal Steel seems ready for up move after consolidating for past 4 weeks. A pennant formation can be soon whose breakout can lead to significant upside.
Following Swing trade can be taken.
Buy at breakout level - above 412 only,
TGT 1 - 453 (10%)
TGT 2 - 496 (20%)
SL 395 (4.3%)
Jindalsteel @ Fibonacci 50% supportJINDALSTEEL & all metal sector is in strong uptrend and now retraced up to 50% Fibo retracement & taking support there
can buy for more upside
Jindal steel 398 - Bullish Jindal steel 398 - Bullish. With Undervaluation, expecting a BAT/Cypher pattern formation and underlying hidden divergence we expect Jindal steel will test 512.
#JINDALSTEEL&POWERLTD_STRENGTHALL IMPORTANT LEVELS ARE MARKED ON CHART
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Watching nifty metal!! Watching nifty metal coming out of a triangle and taking resistance by 5180.if it crosses above 5180, we can see a similiar bullishness in every metal stocks. Today showed a small hint. Therby watching jindal steel consolidation after coming out of a triangle just like nifty metal. If nifty metal proves bullish, one can go long on jindal!
Apart from technicals there was news that metal prices would go on hike in the month of june by morgan stanley and thats adding up to the analysis.
JINDAL STEEL TRIANGLE PATTERNJindal steel farming triangle pattern in 15 min. time frame wait for breakout or breakdown
Long on Jindal Steel Hey Guys,
Please refer 1 day time frame to see a massive breakout in the charts of Jindal steels and Power Ltd this retracement is just a rechecking of support of channel it is gona blast in the Metal Index Mark my words it will surely make new 52 week high by the end of June and will continue towards all time high
