JINDALSAW trade ideas
Jindal Saw on the Bull rollNSE:JINDALSAW
1.maintaining the long tendline support and also the median pink line of the pitchfork
2.Bullish reverse divergence on RSi
3.Red levels mark the weekly resistances, blue is the pivot and green level is the resistnce
4.the last time the bullish divergence fuelled the price upwards to be halted by the blue 618line of the pitchfork, likely to be repeated
5.will form a double top in the after match, or a future head and shoulder
6.the take profit level is said to be the traditional resistance level, with the blue resistance 618 line of the pitchfork and also the 786reversal level of the abc fibo trendline...
.the pitchfork is shown here in a macroscopic way.
.https://in.tradingview.com/x/bMiTpPkc/
Disclaimer... this is not an investing/trading advice, do your own analysis
Jindalsaw at CMP 117 for long termStock has retrace from its breakout level i.e. 107. My concept is when stock is retesting its breakout level and didn't go down from that level then it is true confirmation for positive up move. Considering this theory i would i to enter in stock at cmp 117 for long term.
