JINDALSTEL trade ideas
JINDALSTEL LONGJINDAL STEEL NEAR WEEKLY RESISTANCE. AFTER BREAKOUT CAN BUY ABOVE 351, TARGET IS 441 .
JINDALSTEL, 5th Wave progression & 247(turning point) OR 268!As mentioned in the chart, the 5th wave is upward, which is progress and expected u-turn 247 and 268 for next level 220/202 to move.
MOVING AVG CONVERGENCE & BREAK OUT OF THE STOCKJINDAL STEEL AND POWER, THREE MOVING AVERAGES 8, 21, 50 CONVERGENCE AND BREAKING OUT OF THE STOCK.
cup and handle patterni have a clear idea of taking long position on this stock , better to see in higher timeframe if you not knowing why it is going up
Jindal Steel - Bullish EngulfingNote: This is for educational purpose only.
There seems to be a Bullish Engulfing of last 3 sessions. The same is reflected in Volume as well. RSI beyond 70 indicates Bullish momentum. However, there will be a sideways movement before further upmove.
JINDAL STEELHEAD AND SHOULDERS PATTERNS. KEEP EYE ON JINDAL STEEL. IF TOMORROW IT CROSSES THE TREND THEN I WILL GO FOR BUY.
JINDAL STEEL : Positional Buy Trade SetupNSE:JINDALSTEL
Hi Traders,
JINDALSTEL trade setup and entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
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Jindal steel looks bullishJindal steel has broken the ascending channel with a gd volume and now Retesting
#positional
Jindal steel buy above 239
Tgt: 260, 283+
Sl: 220
ENTER AT LEVELS MENTIONED TO RIDE THE MOVE.Try enter at levels marked on the chart... To make most of it.
DAILY SWING CALL // Friday 23rd Oct // JINDALSTELDaily Swing Call for Friday 23rd of October 2020 // NSE:JINDALSTEL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade. //
CMP / LTP: 208.2
IDEAL BUYING RANGE*: 192-212
TARGET: 240 (15% Around)
STOP LOSS: 187 (10 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
Notes:
- *IDEAL BUYING RANGE: This is the pricing range if the stock corrects / gaps up after my buy call. If u don't want an aggressive trade, you can wait for a
"possible" (not guaranteed) correction. One can also do a staggered buying (50% on LTP and balance 50% if the stock goes down further 2-3-5%
range). This way the Risk Reward can be improved and profit can be optimised.
- Please follow the Stop Loss strictly (Tolerance of 1% +/- in SL). If you are manually monitoring SL follow them on daily closing basis.
- Recommended Profit Booking / Exit is on +15% on CMP & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period, but if SL / Target are not triggered and you still wish to
hold the trade, this can be done as long as SL is followed or trailed.
- All my reco trades are with Minimum Risk to Reward (RR) 1: 1.5 (Can go upto 2-3 range depending on the market conditions)
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade / invest at your own risk.
Can either fall or give a breakout,good stock to watch forIf it gives continuous rejection on the top then go for the short, if it gives breakout and sustains above the resistance for more 2-3 candles then enter long.
JINDAL STEEL ANALYSIS 04.11.2020IT HAS FORMIND AS SWNING TRADE . AFTER SWING LOW IT HAS FORMED DOJI CANDLE IN DAY CHART AND NOW IT HAD FORMED BULL CANDLE IT HAS GIVEN CONFORMATION FOR ENRTY POINT.
BUY 201 TO 195 ,191
TARGET 232 TO 240
