JINDALSTEL trade ideas
JINDAL STEEL (Jindal Steel & Power Limited) SELL BELOW 91.25JINDAL STEEL (Jindal Steel & Power Limited) SELL BELOW 91.25
Simple Volume and RSI Analysis The price is clear in downtrend and forming lower lows. Volumes are increased at the bottom and RSI is trading above the Oversold mark. Those who want to prefer an entry at the lower level could try a long here with the recent low as Stop Loss. One can look for a 10-12% retracement move from here.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Ascending Triangle in JINDALSTEL Ascending Triangle in JINDALSTEL in 15 min.
might be a long opportunity if breakouts.
Do your own analysis before taking any trade.
Buy Jindal steel & Power for a target 112Break of downward trendline suggesting some upmove upto the resistance level of 112
Jindalstel Inverted flag @in_tradingviewNSE:JINDALSTEL
forming inverted flag
short at 135.7 136
sl 137.4
T 135 132 128
Jindal Steel - 60min - At a daily support, can it reverse ?Jindal Steel is at an important support zone with a falling wedge pattern formation at the bottom. This may be an indication of a potential reversal when the wedge is broken to the upside
JINDAL STEEL (Jindal Steel & Power Limited) SELL BELOW 135JINDAL STEEL (Jindal Steel & Power Limited) SELL BELOW 135
Jindal Steel can have some short-term upward momentumJindal Steel is in a descending channel and had a falling wedge formation at the bottom third touch which broke to the upside. After the break of the falling wedge, there was a bull flag correction formation which broke to the upside on Monday. This can indicate a further trend in an upward direction. Traders are advised to go long only after 144.50 levels are breached as this is the previous high. Levels of 151-153 can be potential targets.
