JINDALSTEL trade ideas
Jindal Steel Long Trade (Buy)Jindal Steel was in down trend from a few days, but recently it formed a Doji candle with lower price rejection. And today it formed a bullish candle, these candlestick patterns indicate there could be a trend reversal. It is also taking support from 200 EMA of daily time frame. You can go long once it closes above 386/387 . It will be a good swing trade. Place logical stop-loss (Suggested : Below EMA 200 1D timeframe).
JINDAL STEEL & POWER(SHORT TERM BOUNCE)JINDAL STEEL & POWER:
Few key points to note:
- Near the support & resistance trend line
- At golden ratio of prior trend.
- Waves counting are mentioned
- Recently tested 200 EMA
I expect a small bounce from this point for 420-430-447, but we don’t have any reversal signal yet. Once a bullish candle is formed at this level, we can long for the mentioned targets.
However for long term (1 YEAR & ABOVE) I am not bullish on this stock at this point of time because few important parameters are not met.
CHART & ANALYSIS – ADARSH DEY
JINDAL STEEL ... MIGHT TRY AND BREAKOUT FROM DESCENDING TRIANGLEVIEW :-
POSITIVE
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
Jeendal Steel and PowerChart forming assyemtrical triange.
Also Stock announced steller results.
Can show 450/470/496 in short term.
Jindal steel in channel taking spt. if jindal steel break green Line and Close with 1 mint candle it will give good move in down side but if market open with gap down dont buy before it if it open in channel and break the green line it will activate target is Blue Line
JINDAL STEEL : Anticipation of 5th wave (Dhanteras pick)The current structure suggests that after the completion of larger degree 4th wave correction , Jindal steel is rising in its 5th wave progression of impulsive move 12345. Of which we have seen a lower degree impulse wave consisting of 5-waves & post that we have also seen a three wave correction as ABC with C as an ending diagonal on lower time frame. As per the current structure one should go long on current levels with SL of 400 & look for the upside targets of 450/500/550/600.
NOTE: if the SL reached then that should be not taken as bearish event. This idea holds good as long as the level of 350 level is maintained.
Elliot Wave TheroryIf JINDALSTEL hourly candle close below 442 then quit active bears..
And it's may complete wave B & start C wave..
Target of wave C is 400-420 zone
RISK & REWARD is also good..
Jindal Steel Left Eye Right Eye patternJindal Steel Left Eye Right Eye pattern
Jindal Steel Left Eye Right Eye pattern
descending triangle breakout with weekly trendline support 45-degree rally with monthly/weekly trendline
stock halt at 1st major resistance
moving in descending triangle pattern with base 355 and given breakout at 403
now again taking good support of weekly support of trendline.
buy - cmp - 415
stop loss - 400
target - 495 ,520 , 600 with trailing sl method
BUY JINDAL STEEL After a long bullish rally there is a small correction and now could go high form marked point
JINDALSTEEL Positional Long1. Breakout- Retest- Upmove
2. Took support at 50 EMA on Weekly timeframe.
One can look for positional opportunity with SL below 50 EMA.
Jindalstel longJindalstel long
Taking support at 200 day EMA
Strong Candle with above average volume
Buy at CMP- 383
SL- 355
Target- 409, 430, 454
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Jindal SteelAll My Discussion And Analysis Are For Educational Purpose And Future References. Please Kindly Ask Or Consult Your Financial Adviser Before Taking Any Investment Or Trading. Thanks //
JINDALSTELJINDALSTEL me ( inverse head and shoulders pattern ) type se bana hua hai aaj jase hi up market opne hota hao to bue jana hai
Bullish Flag Pattern Breakout !Bullish flag formations are found in stocks with strong uptrends and are considered good continuation patterns. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.
jindalsteel breakoutjindal steel is goin to give booommmmm.it has gien brekout by double bottom pattern..it will reach its all time high...
Intraday trade, go long after a good breakout of the zone. There is pattern in JINDALSTEL , which indicates accumulation rally and then accumulation this is a good sign of up-trending stocks . Let the price break the zone with good volume you can go long for intraday. Place a stop-loss slightly below the zone . Note : The other thing can happen too, if the price breaks the zone downwards with a domination of sellers you can plan for a short trade . But it is suggested to buy as per the current market conditions/trend .
JINDALSTEL - Bullish BreakoutThe stock has broken out of the pattern, and is likely to continue its upward trend.
Considering the current state, the trade can be initiated with a strict stop loss of 400 for targets of 427, 447 and 501.
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Seems bullish #JINSALSTEEL-MACD bullish crossover
-Buy signal on supertrend
- Forming inverse head and shoulder
