Alert! Bearish Pattern Spotted!
📊 Pattern: Rising Channel
📌 Symbol/Asset: JINDALSTEL
🔍 Description: Stock is in a rising channel and now its around the resistance.
We can see correction if resistance is not broken.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
P/E: 17
ROCE: 14.2%
Company has delivered good profit growth of 44.7% CAGR over last 5 years.
Net Profit worth Rs. 1,390-/ Cr in Sep 2023
Given Strong Breakout on Daily Time frame with Head & Shoulder Contribution Pattern. Strong Volume Buildup.
Entry: 728
Target: 765, 835 ++
Stop Loss: 675 DCB
Dip Level buying was: 662 with Targets: 741, 821, 901, 981. 581 DCB...
JSPL made double bottom (W) pattern and given B.O. and
retested b.o. level now trying to gain movement .
with some fibo- levels will watch the directional movement .
Price has formed a bottom at 580, and a V shaped recovery is seen.
The level of 661 has been tested multiple times , in the last month
A small head and shoulder pattern is also formed with 661 as neckline
Now there is a breakout through this level
High vol on breakout candle is visible
Also, atr can be seen rising on and after breakout
Thus, there is a short term...
Time to burn little bearish on Jindals. But with caution. This will be downward likely if immediate 1 or 2 percent further fall is there and if promoter or operator does not play games.
Hedge and SL must . Know your bearable max loss before trade or dont trade.
Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started!
🔎 Understanding Key Terms
Before we delve into the analysis, let's clarify some crucial jargon:
LTF (Lower Time Frame): This is the time frame we use to execute our...
Jindal steel chart is showing a bullish engulfing candle.
The candle has crossed the 100 DEMA with good volume.
RSI too is trending at 68.
A closing above 408 can give an upward move of about 10%.
This image shows the Entropy trade that was triggered few minutes back.
This images shows it into more details.
It is to be observed that after it triggered the entry, the next candle did not break the low of the candle which triggered the sell. In fact, it made an inside bar.
First of all, Inside Bar means indecision. And, The fact that it did not...
Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟
Understanding the Basics 📘
LTF: Lower Time Frame - This is a shorter time frame for analysing stocks.
ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends.
HTF: Higher...
JINDALSTEL made cup n handle pattern on daily TF with good volumes & its comfortably trading above it.
Could be bought with mentioned stoploss & target.
![JINDALSTEL: [Entropy] Jindal Streel Short Idea Discussion](https://s3.tradingview.com/t/tL4XaWFC_mid.png "[Entropy] Jindal Streel Short Idea Discussion")
