JINDALSTEL trade ideas
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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Short Jindalstel CMP: 408.55, T: 400, SL: 413.4
Study:
1. Resistance from support
2. Trend line breakdown
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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