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INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 19th)
JINDALSTEL (JINDAL STEEL & POWER) #SELL BELOW 175
jindal steel channal pattarn and head and shoulder pattern form so market will be reached 213
JINDALSTEL day chart study
refer chart for details
JSPL Looks Good for long
1. Takes support on trend line
2. Showing bullish divergence
For more updates join
short below 157.10 to weekly trend line (blue)
long above 23.6% to above fib levels
its at support and made a inside bar. sell if it breaks PDL with stoploss at PDH
buy if it breaks PDh with stoploss at PDl
LONG SWING TRADE IN JINDAL STEEL
STRONG DEMAND ZONES
STRONG SUPPORT LEVELS
buy above 162.90 after it touches 160.15
SL - 157.20 , avoid if it falls below SL before execution.
Target - 175.5
trade as per box
when the trendline is broken..buy when it has retested the trendline .keep your stops below the demand zone. Target mentioned in the chart
wait for the breakout to go long...
Price action show that price ready to move in to make new low
Lower High Lower Low Formation can be Seen on Daily chart of JSPL.
Bottom side upto 170-160 can be expected on Lower side.
Jindal Steel_Go Long, Volume accumulation.. Target 250
Educational Purpose only
JINDALSTEL break previous trend line keep watch Pullback. If Do not break Up Enter the trade
JSPL -May test 294 SL-177.