JINDALSTEEL ON LONG RUN ENTER ONLY ABOVE THE BREAKOUTBuy once weekly candle close price above 187, target of 283 on medium term for 2-3 mths...
JINDALSTEL trade ideas
Jindal Steel Trend Analysis & trade Setups !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 30 to 50 times.
JINDALSTEL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
KEEP ON RADARRED LINE: LONG TERM TREND LINE RESISTANCE
BLUE LINE: HORIZONTAL SUPPORT LONG TERM
VIOLET LINES : SHORT TREM TREND LINES
Jindal Steel & Pwr can steal a deal !!!Likely resistance 176 need to confirm but above that must be giving up decent move to 185-187
follow @TheSachinJain on twitter for more updates and do check previous ideas.
JINDAL STEEL SHORT IDEAH & S PATTERN SPOTTED IN JINDAL STEEL GO SHORT WITH TWO TARGETS IT MAY TAKE SUPPORT ON TREND LINE IF BROKEN SECOND TARGET ALSO GIVEN STOP LOSS IS ONLY 146.85
