JINDALSTEL trade ideas
Jindal Watch Pullback for SellJINDALSTEL break previous trend line keep watch Pullback. If Do not break Up Enter the trade
Jindal Steel -Breaking Triangle Pattern-BuyTriangle pattern breakout with a gap up from resistance -neck line indicating buy signal.
Jindal Steel VCP Breakout
After 3 contractions over a period of almost 3 months , price is up above the resistance zone which was also coinciding with the price around 200 MA.
EPS has also increased for the past 4 quarters.
Jindal Steel and Power for Quick bucks in OptionsIf 30 min candle closes above 238.50 then buy 250 call option at Rs 4.60 for quick target for Rs 6-7.
or Buy in cash for 12 rs quick target
Jindal Steel INHS StrategyEntry Strategy = Pivot Line but since it was a gap up, entered with orb 5 min break at 232.3
Stop Loss Strategy = PCL
Exit Strategy = TSL
Entered on 232.3 with a stop loss was at 228.1.
Triangle Breakout- Jindal Steel - Daily chartJINDALSTEL
Triangle Breakout
Targets: 251,265,279,294
Support at 227
jindal steel and powerGiving Weekly breakout if closing above 234
Near target would be 277, once it will cross 295 then
it may move further up till 325-335
JSPLOn the verge of breakout. Needs to give close above 232 for positional long.
Educational purpose.
