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.
Jindal Steel positive on intra-day 75 minutes chart Jindal Steel looks positive above 158 on 75 minutes chart.
[INTRADAY SHORT] JINDALSTEELCan it be shorted when its low is breached? Red line breach may take it further down.
If metal melts tomorrow, then it would a good shorting opportunity.
Let's see what happens.
JINDAL STEEL ANALYSIS AS YOU CAN SEE IT HAS FORMED BULL FLAG PATTERN AND ALSO IT HAS BOUNCED BACK FROM FIBONACCI`S 50 % LEVEL WHICH IS VERY GOOD THING
TARGET FOR LONG IS GIVEN GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
Price Action - JINDASTELFinally it break upside trend line, As per price action we except continuous up side till 191 range.
Short term break out target at 191. NSE:JINDALSTEL
JINDAL STEEL Showing Bullish Signals JINDAL STEEL there is a TREND LINE BREAK OUT with + A Rounding Bottom Cup formation and then a Break Out on the Cup formation with Huge Volumes on 1.NOV,2019.
Target 1 : Rs, 177
Target 2 : Rs. 220
Stop Loss : Rs. 125
JINDAL STEEL
Jindal Steel has formed nice double bottom on daily chart.
With a Stop loss of 112 we can buy for a target of 132.
4 points risk and reward of 16 points
This makes it a risk reward of 1:4
Return of 12 percent
JINDALSTEL High Priority LongJINDALSTEL has broken 2 important resistance.
One long term support/resistance line from Feb'16
Second is sloping trend line from Apr' 19.
Good buy for medium to long term once closes above 124.5
