JINDALSTEL trade ideas
Jindal Steel at the breakout level : Good to buy above 204Jindal steel might be next metal stock after JSW steel which can give good gain in coming days as metals are performing well.
Currently trading at 202, if breaks 204 and sustains swing buy can be initiated. SL to kept at 196 for the target of 217 (gap border), 230 (trendline resistance).
Re Thought ! Not Sure this is Accuulation or distribution . Its surely a CH of CH . And this is Phs B only. So we wait and wait till Ph C is reached to take calls
JINDASTEL Short and Long intraday ideaAfter trendline (yellow) Breakdown , Jindalstel is in strong pullback
For Monday
a)Looks good above 194.50 for Long (Green Line)
b)Looks weak below 188.50 for short trade (Red Line)
JINDAL STEEL BULLISH ENGULFINGHEAVY BUYING IN METAL STOCKS ON LAST HOUR SHOWS SOME GOOD UPMOVE IN COMING DAYS
CLEAR BUYING SIGNAL ON DAILY AS WELL AS HOURLY CHART
TGTS IN COMING DAYS CAN BE AROUND 220 AREA
Jindal steel Price patternUsing trendline and fibonacci level to study the price action in Jindal steel
Correction on my Prev Post on JSWDISTRINUTION. Cannot ENTER now. JUST WAIT n Watch. Its a Positional Short for 1 to 2 onths. SWING can be anyside to TRAP Retail clients .
UPDTADED JSW with CRITICAL Levels mark up . WE need to watch these Levels closely so we can understand right time to enter for Trading range swing trading or POSITIONAL trading
Start of Accumulation .From LH and LL we suddenly see Stopping Volume and we enter into a Side Ways Trading Zone . We see Huge Spread and Volume -- thats Institutional Buying ( Prelim Support - PS ) . We see the Selling Climax . SC . We see the easy Auto Rally . AR . The AR as expected cannot take us to a new High however it takes us to high of the PS Bar. THAT is a critical Bar . After AR as expected Volatility ( Volumes ) are lower BUT we see atleast a HL . A HL is a definite 100% evidence of CHANGE of Character . Instead of LL we hav seen a HL , WOW ! . The Demand Bar has now appeared .. Supply has tired a bit. DEMAND m has not yet overwhelmed Supply but atleast it is seeking parity... WE DONT enter the trade yet . We are waiting for several Secondary Tests down almost to SC levels . IF Lows are higher than SC then we will know Demand is winning out . IF upon approaching the Current RESISTANCE of new TR Down Bars are large with Volumes ---- Weakness resumes . We need to see STs and also Springs . We Can even trade Springs.. SO Time has not yet arrived to trade this.
[Buddha] JINDALSTEL Inside Bar TradeLong 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 in first 5 minutes and follow ORB strategy.
JINDAL STEEL SET UP SAVED US FROM SLOUR STRATEGY DONT ALLOW US TO TRADE SO EARLY ON BREAKOUTS,
ITS OKAY TO IGNORE IF THEY DONT GIVE THE SETUP THEY LOOKING FOR
Educational purpose only: Trend line breakout in jindalstelEducational purpose only. Jindalsteel is giving a trend line breakout
Inverted H&S,elliot waves,many bullish predictions for this :)All levels,predictions and analysis are mentioned in the chart.
Trade accordingly.
TGT is 230
buy at 199.
trade with your decision.
trade if you think it's nice stock for long :)
JINDALSTEELIm not an expert im just sharing my views on JINDSTEEL for tomorrow
Im not responsible for any profit or loss this is not a recommendation
#JINDALSTEL DAILY CHART VIEW!!#JINDALSTEL DAILY CHART VIEW!!
Jindal Steel & Power Ltd. came back within range after it had gapped up beyond the range in the shape of a megaphone yesterday.
If the stock maintains below mid bollinger 190, it may dip towards lower bol band 165 or lower.
RSI is below 50 and overall maintaining bearishness.
Change in polarity: When resistance becomes support1. Change in polarity spotted
2. Bullish engulfing pattern for re-entry
3. Trade on confirmation Only
**trade safe**
JINDAL STEEL ON 4H TIMEFRAME.MIGHT GO DOWN TO 1st SUPPORT LEVEL.
IF ANY MISTAKE PLEASE LET ME KNOW IN COMMENT BOX.
THANK YOU.
JINDAL STEEL - "Congestion Zone"After Jindal Break Down Intensly, It Has Entered Into A Some Type Of Congestion Zone And At The Same Time It Has Shown Some Reversal In 1 Day Time Frame.
Congestion Zone Range - 160 - 175
Buy Above - 175
Sell Below -160
Short Term Target - 200
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
