Positive Momentum in stock, price given a triangle breakout and currently at resistance level.
In past three past session, hammer followed by indecisive candle and momentum candle created with rise in volume.
Entry will be resistance breakout in daily chart, stop loss mentioned in chart and target as per price actions.
Note : The price is above all key...
JINDAL STEEL & POWER
Chart in uptrend and broke important resistance level of 350
Stock after breakout consolidating in a range & bounced from 61% fib level
Also Flag pattern formation on chart
if sustains above 500 then we can buy for short term trade with sl below 450 DCB
target 600, 750
For stoploss in Intraday use 5 minute chart and see nearest...
CHART -> JINDALSTEEL WEEKLY SETUP
As seen per the chart, Flag and Pole breakout in Jindal Steel.
First hurdle is to cross all time high of 501, so that will be our first target. Next target should be around 750. Since it is a weekly chart time period is 3 months to 1 year. Stoploss should be at 375 on weekly closing basis.
Disclaimer: This is for educational...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#JINDALSTEL - Potential Breakout idea
CMP - 479
Only Above 505
Next Levels can be expected 550 & 650
View will be negated below 364
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision...
The stock has observed shift of trend as it has decisively broken out past one year “down sloping” channel at 450 levels
This buying momentum was observed from its 20, 50, 100 and 200 day SMA which reconfirms bullish sentiments
The daily and weekly “band bollinger” Jindal Steel & Power Limited buy signals increased momentum to the upside
Rising volumes on this...
broken important resistance around 350 and than consolidating in a range .
bounced from 0.61% retracement level of fibonacci.
flag kind of structure is in progress.
buy above 500 in intraday
if sustains above 500 than we can buy for short term trade with sl below 450 DCB
target 600, 750
For stoploss in Intraday use 5 minute chart and see nearest support.
for...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Chart of - Jindal Steel
Stock is trading in a range by forming a parallel channel .
You can enter in this stock after proper breakout.
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investment advisor. Please...
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