JINDAL STEEL Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
JINDALSTEL trade ideas
RBL Bank LongExpecting the stock to move towards its pre-covid highs, but due to uncertainty, the first target can be at 177. SL at 135.5, giving RR of 3:1 at CMP.
The stop loss can be trailing and cut half the position at target, to reduce risk on profit earned.
BUY JINDAL STEEL ABOVE 142.85 BREAKOUTBUY AFTER 15 MIN TF CANDLE BREAKOUT ABOVE 142.85
SL: 138.35
TP :156.35
1:3
Jindal Steel - Bullish RSI DivergenceNote: This is for educational purpose only.
There seems to be a Bullish RSI Divergence in Jindal Steel which basically indicates that the momentum is rising whereas the price is making lower lows in that particular period. This means there is a bullish trend to follow. Moreover, Support turned resistance is broken now and has turned to support.
Jindal Steel & Power Ltd. - Megaphone pattern breakout??Jindal Steel & Power Ltd.
The stock has formed a Megaphone pattern in the hourly chart and is likely to see a breakout above the swing high of 146.
Technical parameters look quite strong as of now.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
BUY JINDAL STEEL ABOVE 142.85 BREAKOUTBUY AFTER 15 MIN TF CANDLE BREAKOUT ABOVE 142.85
SL: 138.35
TP :156.35
1:3
Jindal Steel and Power - Head & Shoulders TopJNSP is forming a Head & Shoulders top on 15 mins Time Frame.
Initiate Sell.
Target 1: 136
Target 2: 134
Stop Loss : 146
JINDALSTELNSE:JINDALSTEL looking good candidate for long.....
Short term target- 162
JINDALSTEL is Strong bullish on 1hrs, Daily, Weekly and Monthly chart....
U shape ...
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Comment your Views....
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Thank you,
Vishwajeet Sharma
Jindal steel sell at upper levelsSell from 143.9 to 145
tg 133.2
sl yours
try to sell as near as possible to 144.5
Good Candidate to ShortPrice falling right from 50% retracement, doji on daily. Can be sold between 130-131 with s/l 134 and target 118. R:R is more than 3:1
