JINDALSTEL trade ideas
JIndalsteel BullishJindalsteel Closing 589.05 with stop loss 560 then targets are 620-650-680+.
Buying Reason.
1 --> From the last three days Bullish Candle.
2 --> Play in the Range and make the "W" pattern.
3 --> Rsi is 53 ready to Bullish.
4 --> ADX is show the Bullish move and +DMI is rise.
5 --> Volume is the show the Ready to breakout.
6 --> Also Bollinger Bands is ready to open.
Jindal Steel Cmp 553 dated 27-2-2023 HAMMER CandleJindal Steel Cmp 553 dated 27-2-2023
1. Hammer Candle after 10 % correction.
Buy above 559 for target 570-585-599-610 SL 543
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.
Engulfing BullishA bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick , the body of which completely overlaps or engulfs the body of the previous day’s candlestick .
Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks .
Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks .
Script = Jindal Steel
Time Frame = 15 min
Double top pattern breakdown in JINDALSTELJINDALSTEL
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakdown of Double top Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 550-.
✅Can Go short in this stock by placing a stop loss above 585+.
✅After breakdown this can give risk:reward upto 1:6+.
Jindal Steel & Power LimitedJINDALSTEL:- Ascending triangle pattern has been formed on the hourly chart, showing that the stock is trying to give breakouts again and again. Keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
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.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.