JindalSteel - Potential Long OpportunityJindalsteel has been moving in a strong trend to the upside. There is a daily demand zone on this stock to which it may possibly retrace back and then continue its move to the upside
JINDALSTEL trade ideas
JINDALSTEL Making in flag dailyJindal Steel making good set up for swing and positional making in FLAG pattern in daily cart taking good support from EMA200 and RSI oversold.
JINDAL STEEL looking good for LongsJINDAL STEEL looking bullish, Trendline break and retest and candle closed above resistance level (Seems to be W pattern as well), May enter around 1038 for the target around 1400, stoploss should be around 868.
Note :- Above view is for Educational purpose only, please do your own analysis before taking any trades and one can not put more than 5% from total capital in one trade.
price is taking support todayExpecting upmove in coming session since it is taking good support today
VIEW ON JINDALSTELGood chart structure
Good volumes buildup
After crossing 1072 levels it can show more up move
Target 1072/1100/1150
Stop loss 1020
I am just representing my views
For educational purpose only.
Jindal Steel and Power Ltd view for Intraday 3rd October #JINDALJindal Steel and Power Ltd view for Intraday 3rd October #JINDALSTEL
Buying may witness above 1043
Support area 1035. Below ignoring buying momentum for intraday
Selling may witness below 1025
Resistance area 1035
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
JINDALSTEEL IMPULSE MOVE UPJINDALSTEEL completed abc correction near 894
and breakout from the trendline..
look for upside targets levels
61.8% at 1020 and than 1100
MACD positive crossover.
Disclaimer : this is only for learning purpose and no trading recommendations
JINDALSTELJINDALSTEL-Hormonic pattern
In-between of 1071 to 1083 is potential hormonic reversal zone incase of candle close above the level of 1083 this reversal zone is failed
wait for the 15m conformation then take entry
these entry type is purely education purpose only.
Swing Opportunity in Jindal SteelGo Long @ 932.05 for Targets of 958.1, 996.5, and 1020 with SL 906
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.382 Fibonacci level.
3. Also there is a strong Trendline (marked with green color) which supports the stock.
Jindal Steel & Power Ltd - Breakout OpportunityDate : 12-Sep-2024
LTP : Rs. 1,004.65
Resistance Level/s: (R1) Rs. 1,080 --> (R2) Rs. 1,221
Support Level/s : (S1) Rs. 929 --> (S2) Rs. 896
Technical View:
• NSE:JINDALSTEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 1,097 on 21-Jun-2024, it has retraced 18% to 896 level.
• NSE:JINDALSTEL has given breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions.
• NSE:JINDALSTEL has managed to close above 50 DMA on 12-Sep-2024 and is trading above both 20 DMA and 50 DMA.
• RSI has entered buy zone and trading at 63.29. MACD has crossed over 0 and trading at 2.29.
• Both RSI and MACD are showing positive divergence on daily chart.
• Looking good to start a new swing from here.
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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Swing Stock #Jindal steelSwing Stock
#Jindal steel
1. Isne apne trendline ko break kar diya hai.
2. Daily & weekly RSI bhi positive hai.
3. Stock apna downward trend khatm karke uptrend chalu kar raha hai.
4. Support zone se recover kar raha hai.
5. Company ko Vande Bharat train ke liye badhiya order bhi mila hai.
Buy - 962
Target - 1050
SL - 930
Jindal Steel & Power Cmp 918 Hammer @ SupportJindal Steel & Power Cmp 918 dated 12-8-2024
1. Hammer Candle @ support
Buy above 921 target 935-950-960-975 SL 900
It is just a view, please trade at your own risk.
JSWSteel 1st Swing Trade Dt: 22/08/24Sector is weak but there is a chance of Trendline breakout for both sector and stock. Took this stock due to Hammer formed in Daily at 3:15pm which is a scope for increase in price. SL will be adjusted accordingly.
Target = 1079
SL = 899
Entry = 965
Jindal Steel & powerJindal Steel & power had nice cup formation since last 15 years. If now it sustains above 750-760. It has huge runup to go. This can be a good wealth creator in future.
Jindal Steel Date 24.07.2024
Jindal Steel
Timeframe : Day chart
Remarks : So far we can see the stock has special relation & respect for 100 ema + as of now at rsi support as well along with support band.
If at all stock breaks it then no catching of falling knife
If breaks then for fresh entry let it resume above 100 ema or above 942 band
Regards,
Ankur
Possible Buy Setup in Jindal steelCan give a good run above 1055.
SL - 1040
TP1 - 1072
TP2 - 1080
Note:- Not a Buy Recomendation, Please do your own research before doing any investment.
Double Moving Averages Crossover Swing Trade - JINDALSTEL📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 1077
🟢 Target 🎯🏆- 1162
⚠️ Stoploss ☠️🚫 - 1038
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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JINDAL STEEL & PWRThe chart is self-explanatory and is shared for educational purposes.
Jindal Steel and Power stock has been trading above the moving averages, which have indicated a rising trend. It has strong trendline support and there are consolidation zones; post that, this zone has acted as strong support. Considering these factors, there could be an uptrend
JINDAL STEELJINDAL STEEL
sell from 931-935
SL 950
sell from the current level with possible target as given in chart.
this is only for education purpose. Just for studying purpose.
Short Term Trading Opportunity In Jindal Steel for 15 % UpsideHi,
NSE:JINDALSTEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss on Weekly Closing basis and targets mentioned on the charts for educational purpose.
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Jindal SteelPrice is moving in a zig zag pattern and is forming a channel. Important zone is 1058 - 1064.
Buy above 1072 with the stop loss of 1066 for the targets 1078, 1084, 1090 and 1098.
Sell below 1058 with the stop loss of 1064 for the targets 1052, 1046, 1038 and 1030.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
JINDALSTEL - Ichimoku Breakout📈 Stock Name - Jindal Steel & Power Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 1070.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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