Jindal steel is falling in a short trend and it can fall near about 490
Jindal 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.
Price 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
DON'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...
JINDALSTEL. has formed twice inside bar pattern ...as per the inside bar trading strategy the stock has to finish the down side target .
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 on Hourly chart Negative RSI Divergence Short JSPL with tgt of 540/525
NSE: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...
JINDAL 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.
Simple 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 looking good for fresh breakout, buying range would be 520-530 and target 540/550
Buy Jindal Steel & Power for Positional Trading as well as Investment.💸🔥💸 Comment your views‼️😄 . ✔️ Technically & Fundamentally Strong💪💪 . 💎@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...
Jindalsteel week below 524 on 15 Min timeframe jindal steel week below524
On 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...
Buy JSPL 510-525 for 560/575 and 630. invalid below 475 on weekly closing basis. Classic weekly breakout stock
With the overall metal sector giving a breakout on the charts, a few stocks are lagging behind and a few are fueling the rally and one among them is JINDAL STEEL & POWER ,the stock had earlier rallied with the metal sector and after a wide range low volume consolidation of about 10 months the stock has given a breakout ,it is not suggested to immediately jump...
I have already entered the trade a while ago but forgot to add it here. There are some nuances in this trade that my followers would know. If you see 3 green candles in a row, wait for a pullback. I have added the link to the TradingView article which explains this concept in thorough detail, please refer to the same and all questions are welcome. My entry is...
It forms continue falling wedge pattern .It can long for target 600 and 650 soon add more if come down to 504