JINDALSTEL TRADE SETUP Above stated levels are for educational purpose . Trade at your own risk ,
Market is towards 0.3%fib.retracement level ,
resistance at 115.30,
buy if breakout above resistance for target1=121.55 , target2 = 130.25,
careful on 28-MAY as it is the last thursday (expiry ) market is volatile.
JINDALSTEL trade ideas
short idea for JINDAL STEEL tommorow intraday tradersyou can follow idea as mentioned in the above technical analysis which i had made using trend lines . intraday traders can wait till jindal steel reaches @114-116 levels and can short sell @114-116 levels , and can take profit upto @109-108 levels easily !!! So bang bang tommorow... have fun !!!
Jindal Steel & Power Ltd. - Daily Analysis - BullishJindal Steel & Power Ltd. has closed above the resistance level with good volume and is facing resistance from 50 day sma.
Technical indicators are bullish if price closes above 50 day sma(102.50).
The next resistance is 120 and the support is 84 on daily chart.