Jindal Steel and Power CnHBO#JindalSteelPower showing a very good CnH formation and very strong BO.
Price is moving ahead of all time high and seems ready for 25% and 35% upside.
Can be added and add more on corrections.
CMP 598
SL 520
JINDALSTEL trade ideas
above 598 with 15 mins close it will tocuh 610+two times touched and rejected the major price of 598 if this breaks and close above for about 10 or 15 mins
Target 610+
Jindal Steel & Power LimitedEntry Price 580
Exit Price 549
Target Price 883
Strong weekly breakout. Daily breakout retested.
JINDAL STEEL & POWER JINDAL STEEL & POWER - Strong monthly close above 577.80 will lead to bullish in upcoming months.
1st Level of strong monthly support is 530 to 500 range.
2nd level of strong monthly support area is 380 to 500.
wait for the monthly close above 577.80.
Jindal Steel Cmp 576 dated 27-12-2022 Rectangle BO with VolumeJINDAL STEEL & POWER CMP 576 DATED 27-12-2022
1. Rectangle Consolidation BO above 575.
2. Volume Rise (very Positive sign)
3. RSI BO
Buy @ Cmp for target 630 SL 550
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
JINDALSTEL - Ichimoku Bullish Breakout Stock Name - Jindal Steel & Power Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 579
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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A big fall expected in JINDAL STEELPrice reversing from monthly supply zone. Good opportunity to sell.
JINDAL STEELSetting up very nicely. Looking forward to moving on Either way
This if for educational purposes. It is not recommended.
JSPL Chart Looks GoodJSPL Chart Pattern Looks like a rounding bottom + cup and handle pattern and is also close to a 52-week high.
Jindal Steel and Power
JINDAL STEEL WAIT FOR BREAKOUTin this stock price 5 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade.
Jindalstelnear to 52 week high , keep an eye on this scrip. could expect 800 in few months , place stop loss below 518.
Jindal Steel Ready For Downside NEW STUDY FOR PAPER TRADE
Future Sell/Put Side STUDY
JindalStell@560-577
TARGET:- 550/525/500/450/400
STOPLOSS:- 585
Only for Paper Trade And Education Purpose
Don't Real Trade
#Study Logic :
👉Monthly Supply Zone
👉Monthly Supply Zone Of Sector Also
👉RSI TRENDLINE RESISTANCE
Double top formation in weekly,daily chartWeekly and daily chart formed double top formation. Watch out for break out at any side. Watch steel index for trend prediction.
JindalSteel: Bullish Breakout ReadyNSE:JINDALSTEL is in Bullish breakout ready.
Overall Steel Shares are showing momemtum.
Reasons:
Rectangle breakout and sustaining the breakout.
Consecutive two days of high volume.
RSI based momentum is above 75 and constantly rising.
Trade: Buy above 568, SL: 560, T: 572/580
Sell below 540, SL: 550, T: 534/525.
JINDAL STEEL going to give good buy at 394jindal steel going to give good buy at 394, wait to enter.
targets and stoploss can be seen in chart can be seen in chart.
(all analysis based on elliot wave theory)
Jindal Steel & Power - Bullish Breakout
The stock has entered bullish Zone. Any shake out is a buying opportunity in coming week. SL - Below 512 weekly close.
Jindal Steel & PowerIf the stock succeeds in sustaining above
489, we can expect a quick move up to
516-518 and after that a daily closing above
519 can take it to 553-555.
SL 463.
Good volume seen for the last 5-6 days.
JindalsteelOn comparing RSI of the previous top and current top we saw a negative divergence is there if I am not wrong. Negative divergence is a sign of probable fall in the stock.
Probably in the upcoming week we saw some profit booking in the metals stock as well as in jindalsteel.
JindalsteelSupply zone is created in jindal steel and may be soon we saw a fall in jindal steel.It is only for education purpose may be i am wrong. Don't take trade on others advice.
JINDALSTELNSE:JINDALSTEL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
JINDAL STEEL - DAY CHART - 14.11.22 - BAHAVAN CAPITALJINDAL STEEL posted on 12.11.2022 Buy ABOVE 503 TARGET 529 and on 14.11.2022 stock made a high 517 and closed at 515.
This stock in few sessions will hit the target.
Happy profitable Trading to all...
JINDAL STEEL - DAY CHART - 12.11.22 - BAHAVAN CAPITALJINDAL STEEL as per day chart analysis Stock ABOVE 503 TARGET 529
Happy Profitable Trading to all...
Jindal Steel BreakoutJindal Steel has broken out of Cup & Handle pattern with good Base and volume.
As long as stays abv 470
we can expect good rally
