JINDAL STEEL & PWR NSE:​JINDALSTEL

Jindal Steel and Power gave a breakout from flag pattern on weekly chart, prior to this breakout the stock has successfully retested its earlier breakout from Feb 2015 high. Taking into account, the stock may resume uptrend, pattern would fail below 240.

Jindal steel trading in a channel and before breakout it should retrace up to 221. So with minimum SL one can go short!!!

Jindalsteel-near dynamic support of 100 MA ,stock can do good above 238

JINDALSTEL reacted near its strong resistance and negative reversal in momentum indicators may take down price..... Disclaimer: All my post are for educational purpose non-advisory and non-directional....

NSE:JINDALSTEL a buy ?? read chart for details.

07-03-2018 Buy from 231-232, SL 224, Target 247

Expected to reach by Q3 results announcement..

Jindalstel long based on round bottom breakout

CCI(D/W/M)>100 Strength close >178.65 on D basis TGC is true Volume Support Target 190 / 212 Duration: 1 - 2 weeks

In daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here, https://in.tradingview.com/x/7cvdnT7E/ in weekly, BB is trending up and candles are sustaining above 20 ma, https://in.tradingview.com/x/jkJ99uil/ in longer time frame, round bottom forming here https://in.tradingview.com/x/kv7thLsn/ with sl - 150, 1st ...

Breaking out of a long term falling trendline. Good support from RSI on monthly charts, once above 178-180 can do 21-230 quickly. A little long term will take this stock really high expect 350-400-475 in next 28-24 months

Short JINDALSTEL belwo 169 T1: 164 T2: 160 SL: 174

JSPL has formed a near perfect rounding bottom on long term time frame ( weekly charts ). A breakout above 195 can lead to a large potential upside target of about 340 and the target should be achieved in 2-3 quarters. A break and close above 200 can be a good entry point for positional longs.

H&S Break out in the past Weeks and a confirmed uptrend & price cross over. Now headed towards Golden cross over

Jindalstel short based on bearish butterfly

JINDALsteel Cup and handle breakout

Jindal steel is buy after confirming the breakout; buy @ 137 for target of 140, 145 & 148. Without confirmation the pattern is invalid

NSE:JINDALSTEL should be bought back for tgts of 178 , sl should be kept below immediate support for traders with 1-3 day prospective . and For positional players below 132 on closing basis .