JINDALStel Uptrend Movement expected upto 870SYMBOL JINDALSTEEL
TIMEFRAME 15 min
ANalysis: Uptrend movement upto 870
Breakout from the ascending wedge.RSI is above 60
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Trade ideas
JINDAL STEEL looking good for LongsJINDAL STEEL looking bullish, Trendline break and retest and candle closed above resistance level (Seems to be W pattern as well), May enter around 1038 for the target around 1400, stoploss should be around 868.
Note :- Above view is for Educational purpose only, please do your own analysis before taking any trades and one can not put more than 5% from total capital in one trade.
Jindal Steel and Power Ltd view for Intraday 3rd October #JINDALJindal Steel and Power Ltd view for Intraday 3rd October #JINDALSTEL
Buying may witness above 1043
Support area 1035. Below ignoring buying momentum for intraday
Selling may witness below 1025
Resistance area 1035
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Swing Opportunity in Jindal SteelGo Long @ 932.05 for Targets of 958.1, 996.5, and 1020 with SL 906
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.382 Fibonacci level.
3. Also there is a strong Trendline (marked with green color) which supports the stock.
Jindal Steel & Power Ltd - Breakout OpportunityDate : 12-Sep-2024
LTP : Rs. 1,004.65
Resistance Level/s: (R1) Rs. 1,080 --> (R2) Rs. 1,221
Support Level/s : (S1) Rs. 929 --> (S2) Rs. 896
Technical View:
• NSE:JINDALSTEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 1,097 on 21-Jun-2024, it has retraced 18% to 896 level.
• NSE:JINDALSTEL has given breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions.
• NSE:JINDALSTEL has managed to close above 50 DMA on 12-Sep-2024 and is trading above both 20 DMA and 50 DMA.
• RSI has entered buy zone and trading at 63.29. MACD has crossed over 0 and trading at 2.29.
• Both RSI and MACD are showing positive divergence on daily chart.
• Looking good to start a new swing from here.
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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Swing Stock #Jindal steelSwing Stock
#Jindal steel
1. Isne apne trendline ko break kar diya hai.
2. Daily & weekly RSI bhi positive hai.
3. Stock apna downward trend khatm karke uptrend chalu kar raha hai.
4. Support zone se recover kar raha hai.
5. Company ko Vande Bharat train ke liye badhiya order bhi mila hai.
Buy - 962
Target - 1050
SL - 930
Jindal Steel Date 24.07.2024
Jindal Steel
Timeframe : Day chart
Remarks : So far we can see the stock has special relation & respect for 100 ema + as of now at rsi support as well along with support band.
If at all stock breaks it then no catching of falling knife
If breaks then for fresh entry let it resume above 100 ema or above 942 band
Regards,
Ankur
Double Moving Averages Crossover Swing Trade - JINDALSTEL📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 1077
🟢 Target 🎯🏆- 1162
⚠️ Stoploss ☠️🚫 - 1038
⚠️ Important: Always maintain your Risk & Reward Ratio.
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JINDAL STEEL & PWRThe chart is self-explanatory and is shared for educational purposes.
Jindal Steel and Power stock has been trading above the moving averages, which have indicated a rising trend. It has strong trendline support and there are consolidation zones; post that, this zone has acted as strong support. Considering these factors, there could be an uptrend
Short Term Trading Opportunity In Jindal Steel for 15 % UpsideHi,
NSE:JINDALSTEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss on Weekly Closing basis and targets mentioned on the charts for educational purpose.
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