JINDALSTEL trade ideas
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
Long ( Continuation Pattern) Price has paused , one can look for 1 hour strong candle to buy with stop below the Friday low , Look to book near the forecast
jindal steel analysis for fridayit is respecting broadening pattern as seen with yellow trendlines it must bounce back now plus it is taking supoort at 50% fibonacci level which is good but if it closes below lower trendline yellow it may go down target given and also might go up target for long also given stoploss will be lower trendline
note: 15 minute candle on closing basis must be used everywhere
note: trade at your own risk
