The sudden rise in commodities is helping the Steel industry, and the same can be seen in Jindal Steel. Jindal Steel gave a Golden Cross pattern where 50 DMA crossed 200 DMA 3 sessions back, and we saw a sudden jump in the stock. The stock took the resistance of 463 and retreated in yesterday's session. Today the stock opened in green and took resistance of 452...
Possibility of Breakout in JINDAL STEEL AND POWER . Please keep this stock in your watchlist. One can enter above 450. DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
Jindal steel & power CMP: 423 sl:340(wcb) target: 480/590/750. Ye stock ka lifetime high 16800 Note: Educational post
NSE:JINDALSTEL A Nice Flag pattern on Weekly time frame, and triangle on daily. Enter right after Trendline Breakout. Target and stop loss as given on chart. Hope for the best.
Wait for proper breakout and retest and then one can look for entries. Please Hit the like button this motivate us to make more such analysis. For more such trading content follow us on ( @tradechefofficial )
A nice Flag pattern Formed. Enter Right after breakout if you want to be aggresive. or wait till 1Hour candle to close above Trendline. Target and Stop loss Levels are given. NSE:JINDALSTEL
There is harmonics from where jindal steel can reverse. rest all thing mentioned on chart. kindly refer chart. thanking you.
On Jan 27, when the stock was at 376, this is what was suggested The stock gave ample opportunity to buy. Today JSPL has made a high of 444.80 That is 18% ROI in about 15 days. CMP 438 (16.5% approx) Profit booking can be considered Just following SImple Technical Analysis and results are in front of you Happy trading....!!! (P.S: The credit here...
JSPL - the stock is currently trading below it's 50 day - The stock is currently near it's 200 day EMA (a tad below to be precise) If 200 day EMA is withheld and the stock goes above 50 day EMA, then Target for the set up 418 / 447 - Given the volatility, consider buying in 2 tranches - one at current levels and have provisions to buy on dips towards 340-350...
Jindal Steel & Power Ltd. JINDALSTEL CMP: 441 - Tight consolidation for 8 months - I don't want to miss this one
A massive breakout rally should begin in Jindal Steel and Power soon. It is a triangle pattern breakout and even horizontal trendlines are broken. Keep a strict stop loss at Rs.420 for targets of Rs.500-545-605 in the short to medium term. A decisive and strict stop loss is necessary in metal stocks as they tend to reverse sharply and are very cyclical in nature....
Look like good opportunity for upside and entry based on weekly closing..........
weekly breakout stock with high volume and moving towards 5wave if u like our study pleasse like comment and follow us
NSE:JINDALSTEL can add around 440-445 avg can be done near 365 SL closing below 335 T 480, 530, 600++
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in JINDALSTEL - 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...
Channel Pattern - Breakout Wait and enter RSI above 60
Metal sector doing well.. Its Time for JSW steel now, trading in the trendline and give targets of Rs 470/- from here in short term..!! Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.
Flag and poll pattern & channel pattern up direction uptrend zigzag support on important level of 405 break out of Monthly level tgt 472/500 for swing or positional sl swing low