Focus on Jindal SteelFocus on Jindal steel having potential of reaching previous high, if opens n sustains above 362
JINDALSTEL trade ideas
Jindal steel analysisPerfect Descending Triangle pattern formed.
I am bullish.
Sooner Gap will be filled @ 325.15.
Will add more if it sustain above 325 till 339 achieved.
Else I m ready to take hit on this.
getting ready for boon or boooomas we can see on the charts the stock is on awesome trendline support so there is maximum chaces of the stock will arise for upper trendline go with SL OF 290 for looong
#jindalsteel #jindalstl Swing Trade OpportunityNSE:JINDALSTEL
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 364.20
SL :- 313.80 (Closing Basis)
Target 1:- 391
Target 2:- 410
Target 3:- 428 and more Trailing basis
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
JINDAL STEEL & POWER --- INTRADAY SETUP -- 13/05/2022JINDAL STEEL & POWER -- 15 MIN CHART -- INTRADAY SETUP
1. Stock seen oversold at daily chart
2. lower channel breakout seen above 463.50 stock currently trading at 461 level
3. BUY at breakout level above 463.50
4. wave trend seen moveing upword direction
5. double bottom support seen as trend reversal signal
6. above 200 SMA daily chart
BUY JINDAL STEEL intraday above 563.50
TARGET 468-470-472
stop loss 450
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. !
HAPPY TRADING !!
JINDALSTEL short tradeJINDALSTEL short trade looks worth considering as after a parabolic upside move it has come out of trendline and formed an inside candle with break down on the lower side thus indicating short trade below 545 with stoploss of 571 and target of 520,465
Jindal Steel & Power Analysis !!📈 Jindal Steel & Power 📉
Today broke out from a Resistance Zone which is high year 2021 on closing basis.
On Buy Side I am looking for Targets of 646, 751 towards all time high
StopLoss should be kept in 445-450 zone.
It offers 1:5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Jindal Steel & PWR can fall moreJindal steel is falling in a short trend and it can fall near about 490
JINDAL STEEL 1DJindal Steel and Power Limited is an Indian steel and energy company based in New Delhi. With turnover of approx. ₹40000 crore, JSPL is a part of about ₹130000 crore diversified OP Jindal Group conglomerate. JSPL is a leading player in steel, power, mining, oil and gas and infrastructure in India.
Jindal Steel & Power trend line breakPrice has broken from a long term trend line well supported by 50 & 200 Ema. Accumulate at current levels for a target of 450 & 500.
Disclaimer: The above idea is for educational purpose
Buy Today, Sell Tomorrow: JINDALSTELDON'T HAVE TIME TO MANAGE YOUR TRADES? |
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Multiple Trendlines Breakout in JINDALSTEL
Buy Today, Sell Tomorrow: JINDALSTEL
JINDALSTEL.JINDALSTEL. has formed twice inside bar pattern ...as per the inside bar trading strategy the stock has to finish the down side target .
jindal steel in week If someone wants to buy for a long stock with Jindal steel. It will show us these levels coming month or week 460 476 497 and 513
when the pattern breaks then you can buy although you can wait
RSI DIVERGENCE RSI Divergence on Hourly chart
Negative RSI Divergence
Short JSPL with tgt of 540/525
JINDAL STEEL & POWER : Upward trendNSE:JINDALSTEL shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 569.20
Target 2: 581.15
Stop Loss: 542.75
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
JINDAL STEEL , TRIANGLE PATTERN, 1HJINDAL STEEL forming the triangle pattern, waiting for the breakout.
if it closes above the Resistance line , bullls might take charge,
if it closes below the trend line support , bears might take control.
Right Now we cant decide the trend, we can decide only after the breakout.
And we have to be careful with False breakouts.
Purely Price Action.
JINDAL STEEL IN CLEAR STAGE 2 STRUCTURESimple price action movement in Jindal steel with clear stage 2 rally . watch price action after every consolidation . Even nifty under performing Jindal steel showed its strength . Rectangle breakout expected , reference point is metal index price movement. also use 50DMA in hourly will give exact entry and refer 30DMA for exit . Happy trading.
Jindalstel @ 530 is preparing for breakout again target 550Jindalstel @ 530 is looking good for fresh breakout, buying range would be 520-530 and target 540/550
Jindal Steel & Power ready for the uptrend!🤩💸🔥Buy Jindal Steel & Power for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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✔️ Technically & Fundamentally Strong💪💪
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-7% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Jindalsteel stock for #intradayJindalsteel week below 524
on 15 Min timeframe jindal steel week below524
Rounding Formation pattern BreakoutOn the weekly chart, the stock has confirmed “rounding formation” pattern on a weekly closing basis. Rising volumes on breakout indicate rising volumes
This buying momentum was observed from 100 and 200-day SMA and rebounded sharply Jindal Steel & Power Limited Weekly Chart
The stock is well placed above its 20, 50, 100 and 200 day SMA which reconfirms bullish sentiments
The weekly “band bollinger” buy signal reconfirm positive bias
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
The above analysis indicate an upside of 565-590 levels.*Holding period is 3 to 4 weeks.
