JINDALSTEL buy at 297 , low probability tradeI will look at buying JINDALSTEL because :
It is at the resistance and that resistance after 5 years
Low probability trade .
Entry : 297
Target : 350/380
Stop loss : 274
JINDALSTEL trade ideas
Jindal Steel: On verge of a Major BreakoutWe may be under the impression that Jinal Steel and Power has rallied enough as it has reclaimed the highs of 2017-2018. However, if we look at the long term charts it is on the verge of a 5 year breakout. It can do 550+ on a positional long trade. Stop loss if it closes below 21 EMA on closing basis.
Buy Jindal Steel Buy Jindal Steel ..Stoploss 292 Target 315-318
Study: Symmetrical Trianle Breakout and Retesting
jindal steel and power chart analysisjindal steel and power chart analysis for intraday and swing trading
Jindal Steel & Power is a good long for medium term.1. Broke the resistance on 7th Jan, converted the resistance into support on 8th Jan. Good entry point.
2. MACD crossed bullish on 5th Jan with Resistance break out confirmation on 8th Jan. Good buy.
3. RSI well above 65 on last close. 3rd positive sign here.
Jindal steel formed cup and handle pattern with strong uptrendTargets are marked in the figure. Good up movement is expected.
JINDALSTEL, DON'T MISS THIS SOLID OPPORTUNITY (CHART# 435)All Levels mentioned on chart.
Daily view
Thanks
Piyush Gupta
Learn & Earn
✈🚀🛩 jindal steel might fly high after breakoutNSE:JINDALSTEL
🙄😲😳🥺🤓👁👀 keep open and don't think to short without conformation. all levels mentioned keep adding few quantities after each breakout and if break any support book it.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Jindal Steel buying opportunityAs per chart trend line broken up in jindal steel. Opportunity for buying.
JINDALSTEL BreakdownJINDALSTEL gave Flag breakdown after getting rejection by fibo level
Looking weak below 257.50 Level , Gap down can escalate selling pressure
View negates above 268 on the basis of candle close
JINDAL STEEL good short candidate.Jindal Steel Good short candidate.
Bearish SHARK pattern formation.
PRZ zone in range 270-285
SLZ zone above 295
T-bar already formed and gave reversal,, now is sell on rise candidate,,
Best range to go short is 270 to 285,,
Rising wedge formation,, currently counter is trading around resistance line of rising contracting wedge ,,
RSI divergence seen in last 2 swing peaks.. Bearish divergence.
