Jindal looks Bullish with predetermined golden cross overH&S Break out in the past Weeks and a confirmed uptrend & price cross over.
Now headed towards Golden cross over
JINDALSTEL trade ideas
Jindal Steel - Inverted head and shouldersJindal steel is buy after confirming the breakout; buy @ 137 for target of 140, 145 & 148. Without confirmation the pattern is invalid
Jindal steel to fly to 178 NSE:JINDALSTEL should be bought back for tgts of 178 , sl should be kept below immediate support for traders with 1-3 day prospective . and For positional players below 132 on closing basis .
go long with the stoploss of 132 it has broken above the range of 105 to 135, may inch high up if it sustains above 132 it may reach 159
Long on Jindal Steel and PowerGood positive indication from many indicators.
Steel going through lowest cycle.
Strong ResistanceJindal Steel now trading at it's major hurdle resistance, today it has made spinning top indicating bearish movement.
Still it may attempt to break that resistance zone, if so it can reach 135 & 140.
If fail to break 132, it will fall back to 127 & 125.
Long jindalstel with SL of 125 and target of 145Jindal stel has a breakout of inverted head and shoulder pattern. it retraced to support and bounced back. A long at this point seems safe. keep SL on 125
Investment PickJINDALSTEL has given break out on monthly chart one can buy on dips for target of 200 & 300. Stoploss between 90-80.
Views are personal, Please make your own research or consult your finance consultant before investing.
Disclosure - I do not have any holdings.!
enter long for 140/148cup and handle/inverted hns? doesnt matter..breakout toh hai. go long for the above targets.
also,we have a multi-month consolidation breakout on our hands..
Jindal Steel and Power ...Flag pattern breakoutJindal Steel and power had given flag pattern breakout. one can buy above 124 with Stop loss of 117 for the target of 132.
on daily and weekly chart will give cup and handle pattern breakout above 134 for the target of 200.
Box range breakoutJindal Steel has given break out above its channel resistance one can go long for target of 125 & 130. SL - 115.
Double Top Breakdown It has been observed that JINDALSTEL is double top break down, indicators are negative watch near retest, it can reach the target of 100 stop loss 119
