JINDALSTEL trade ideas
chart pattern recognition ,cup and handle, trianglehello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either side up or down. . probablity chances are higher on upside ) .. the chart looks colourful !!!!!!!! if u find this idea correct , wrong useful, stupid . please comment. .will be happy to reply for u. .
JINDALSTEEL looks goodIf 260 is broken to the upside then can go to new highs. Immediate stop and target plotted.
Jindal Steel Weekly Chart AnalysisJindal Steel Looks very strong on the weekly chart.
Consolidating at the moment and also near bottom area of consolidation.
If there is a bullish breakout then it will complete the handle of Cup & Handle Formation at 294.
And above 294 the momentum of Cup & Handle breakout will push its price to 350-380 region.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART BEING UPLOADED FOR EDUCATIONAL AND STUDY PURPOSE ONLY.
My PredictiveEngine's Intraday call(07-Jun-18)-JINDALSTEL-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 07-Jun-2018 for JINDALSTEL
Buy Above: 235.5 for targets -
T1: 237.3
T2: 238.3
T3: 239.4
SL: 233.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Good buy above 266......This stock is in uptrend after stuck in price range for almost 2 years. There is a good cup with handle pattern with less volume in handle.
JINDALSTEL : BreakoutBuy if Daily close above breakout line..for tgt abv 300 and keep stops near 235
Jindal Steel - Uptrend May ResumeJindal Steel and Power gave a breakout from flag pattern on weekly chart, prior to this breakout the stock has successfully retested its earlier breakout from Feb 2015 high. Taking into account, the stock may resume uptrend, pattern would fail below 240.
JINDALSTEL -- Good shorting opportunity!!!!Jindal steel trading in a channel and before breakout it should retrace up to 221. So with minimum SL one can go short!!!
Jindalsteel-near dynamic support of 100 MA Jindalsteel-near dynamic support of 100 MA ,stock can do good above 238
Possible downside below 227.....JINDALSTEL reacted near its strong resistance and negative reversal in momentum indicators may take down price.....
Disclaimer:
All my post are for educational purpose non-advisory and non-directional....
JSPL - STRONG MULTI YEAR BREAKOUT ON CARDSJSPL has formed a near perfect rounding bottom on long term time frame ( weekly charts ). A breakout above 195 can lead to a large potential upside target of about 340 and the target should be achieved in 2-3 quarters. A break and close above 200 can be a good entry point for positional longs.
jindal steel looks bullish in short to medium termIn daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
in weekly, BB is trending up and candles are sustaining above 20 ma,
in longer time frame, round bottom forming here
with sl - 150, 1st tgt - 177 2nd tgt - 208, long term tgt - 343
#JINDALSTELCCI(D/W/M)>100
Strength close >178.65 on D basis
TGC is true
Volume Support
Target 190 / 212
Duration: 1 - 2 weeks
