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Jindal Steel Limited

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JINDALSTEL trade ideas

JINDALSTEL Bullish; above 724 on Tuesday 12 Dec. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage Stop Loss: @ "Open" price of the day OR "Breakoutprice" This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:JINDALSTELLong
by JJ_Breakouts
Navigating the Trading Landscape of Jindal Steel Hello, traders! Today I'm focusing on a prominent player - Jindal Steel. This analysis aims to provide both newbies and seasoned traders with some fresh perspective. Let's get started! 🔎 Understanding Key Terms Before we delve into the analysis, let's clarify some crucial jargon: LTF (Lower Time Frame): This is the time frame we use to execute our trades. ITF (Intermediate Time Frame): We use this for identifying the overall trend. HTF (Higher Time Frame): This gives us the broader view and helps identify zones on bigger time frames and perform location analysis. RBR, RBD, DBR, DBD Zones: These are price action patterns that help us predict potential market movements. RBR stands for Rally-Base-Rally, RBD for Rally-Base-Drop, DBR for Drop-Base-Rally, and DBD for Drop-Base-Drop. 🔬 Detailed Analysis of Jindal Steel Currently, Jindal Steel is trading near supplies on the 75 minute (LTF) and daily (ITF) time frames. However, the weekly (HTF) shows no supplies as the stock is coming from its all-time high, not from a supply zone. On the daily (ITF), the stock seems to be moving sideways. On the lower time frame (LTF - 75 minutes), the stock is trading at a strong support zone. As such, we can plan our entry at the 75-minute demand zone with a stop loss (SL) around 677, a target of approximately 700, and an entry around the current price of 682.5. This trade offers a low risk and high return with a risk to reward ratio of 1:3. 🚀 Show Your Support If you find this analysis helpful, please hit that 🚀 icon to like, comment, and follow my profile for more insights: in.tradingview.com 💡 Indicators Used Curious about the indicators I used? Check out my demand and supply zone indicator here: If you find it valuable, show some love by hitting that 🚀 icon! Remember, this analysis is for educational purposes only. I am not a SEBI registered analyst. Always conduct your own research before making any trading decisions. Thank you for your support and feedback!
NSE:JINDALSTELLong
by AfnanTAjuddin
[Entropy] Jindal Streel Short Idea Discussion This image shows the Entropy trade that was triggered few minutes back. This images shows it into more details. It is to be observed that after it triggered the entry, the next candle did not break the low of the candle which triggered the sell. In fact, it made an inside bar. First of all, Inside Bar means indecision. And, The fact that it did not immediately break the previous candle's low shows a lack of strength on the part of the bears. But the candle marked as "The next candle" is also interesting. It tried to go up but made a pin bar i.e. the bulls tried to push upside but it shows that although bear has not been able to push the price downside, they are not letting it go upside! Bears have not been able to push the price downside. The bears are aggressive in not letting it go upside! It means We should do the same. We must keep the short. But It has to be aggressively trailed as the Bulls are in the system. We can not make it a "Sell and Forget" approach. But - This definitely makes the symbol a weak candidate for short. So, Either Scalp or Trial it Aggressively.
NSE:JINDALSTELShort
by Amit_Ghosh
Unlocking the Power of Demand Zones: Jindal Steel Analysis Hello fellow traders! Today, we're diving into analysis of Jindal Steel, exploring some of the core concepts that every budding trader should know. 🌟 Understanding the Basics 📘 LTF: Lower Time Frame - This is a shorter time frame for analysing stocks. ITF: Intermediate Time Frame - This provides a comprehensive view of stock trends. HTF: Higher Time Frame - This offers broader view of longer time. EMA: Exponential Moving Average - It represents the stock's average closing price over a specific number of days. A 50 EMA means it's taking into account the last 50 days. Decoding Jindal Steel 🔍 Jindal Steel is presently trading within the demand zones across three timeframes: LTF, ITF, and HTF. The HTF view shows the stock is at a firm support zone labelled as RBR. Although the daily (ITF) trend appears sideways, the stock's position in the weekly HTF demand zone adds a bullish tilt. The proximity of the price to the 50 EMA in the ITF confirms an upward trend over the last 50 days. In the LTF, we notice a distinct pattern named DBR with five base candles. The leg-out candle is robust, and the follow-through seems promising. Trading Strategy and Insights 💡 Considering the comprehensive scoring, a score of 12 emerges, indicating a positive outlook. 631-632 price is potential buying levels. The stop-loss (SL) can be set slightly below the 125-minute demand zone, around the 623 mark. On the upside, a target price can be positioned just under the 125-minute supply zone, approximately at 662. This offers a risk to reward ratio of 1:4. Your Action Points 🌟 Analyse the data, ensure you understand the underlying concepts, and make informed decisions. Always remember: "In trading, patience is not just a virtue, it's the key." 🔑 Your feedback means the world! Please like, comment, and follow for more insights. Every interaction counts! Don't forget to follow me for more analyses: in.tradingview.com Disclaimer: The above analysis is purely for educational purposes. I am not a SEBI registered analyst. Always conduct your research before making any investment decisions. Thank you for your continuous support🌟
NSE:JINDALSTELLong
by AfnanTAjuddin
8