JINDALSTEL trade ideas
JIndalstel - Daily chart - for study purposeJIndalstel -
50% Retracement done today - 30 august 2018
61.8% and 78.6% marked in the chart - 230 and 248 respectively.
Respected 20 DMA after last U turn and bounced back from lower bands to upper band.
Bollinger bands have started expanding and stock is coming out of negative territory.
Looking good for 78.6% retracement in SEP series.
Jindal Steel : Seems Bullish for Short Term !Dear All Members at TradingView ,
Jindal Steel seems good for 220+ in Medium Term !
Entry : Above 183 Rs.
Targets : 187-193-205-220+ Rs.
Stop-Loss : 163 Rs.Or 169 Rs. on Closing Basis
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
JINDALSTELJINDALSTEL
H&S Breakout
CMP 179.7
Buy now or dips till 170
Small SL close below 160
Target 200/215/230
JSPLan update to what i had posted last.. beautiful looking breakout. next resistance 189-192 ! above this we could easily see 210 zone
Jindal Steel_Three Drives Pattern_BearishJindal Steel may fall from the current level, immediate resistance and support levels are 167 & 162 respectively.
JSPLhere is an update. things look good. above red line and it will set for 200-210. no major reversal signal so far
Jindal Steel, Side ways movementSell if breaks support, Sell Volume is increasing.
Targets on chart in multiples of 1.25
SHORT TERM || DISTRIBUTION ON THE CARDS || JINDAL STEELJindal Steel has reached the upper end of RSI and moved below the level of 70 on RSI indicating a potential move on the down side or distribution at higher levels. One might get a move up before it starts moving down. Temporarily the up move is over and one may want to enter on a dip.
Jindalsteel short below 157Pinbar at strong resistance can see downside
Below 157 with sl of 159
for 155-153
