JINDALSTEL trade ideas
Jindal Steel can have some short-term upward momentumJindal Steel is in a descending channel and had a falling wedge formation at the bottom third touch which broke to the upside. After the break of the falling wedge, there was a bull flag correction formation which broke to the upside on Monday. This can indicate a further trend in an upward direction. Traders are advised to go long only after 144.50 levels are breached as this is the previous high. Levels of 151-153 can be potential targets.
Bearish Alt Shark - Jindalsteel - 4hr Bearish Alt Shark - Jindalsteel - 4hr
PRZ: 148-149
SL: 152
TGT: 144, 141
17-07-2019
Jindal Steel & Power | Bull Track StartsMoving towards up with 130 support level and bull track starts @ Jindal Steel & power in two categories.
* Long for short term traders :
Present market to 152 range target (6%)
* Long for long term investors:
Partial buys, with present market and buy stop level (159). For both levels 188 is target range (30%)
* Crucial range :
152 to 158 will be the crucial range in Jindal S&P.
Risk Alert: Do not take this idea/analysis as trade decision for your trading. Go through this and take decision by yourself. Trading financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Bullish Bat - JindalStel - 4hr Bullish Bat - JindalStel - 4hr
PRZ: 146-147.5
SL: 142
TGT: 152, 156
08-06-2019
bearish#Channel#inverted cup and handle patternbearish#Channel#inverted cup and handle pattern
target 120/110
Exit on Rise or Keep Positional Shorts in Jindal stel & powerExit on Rise or Keep Positional Shorts in Jindal stel & power , Exit 150 - 180 if price available , Traders can use these spike to go for Short sell and take hedge with 190 calls , Expected Tgt 114 - 104 , this is a positional trade only on Price available - Note : - closing above 190 for 2 days can expect reversal to bullish in this stock
Jindal Steel CMP 168.85 Buy above 175 for Targets 180- 185 - 1Jindal Steel CMP 168.85
Buy above 175 for Targets 180- 185 - 190 -195+
SL 153
JINDALSTEEL | TRADE NIVESHJINDALSTEEL Opening 164.25 high 165.15 low 161.85
TODAY IS BEARISH TREND WE CAN SELL BELOW 161.75 WITH THE STOP LOSS OF 165.55 YOU CAN SET THE TARGET 159 BELOW
Jindal Steel Cash levels buy above 164 CMP 163.7 SL 161 TargeJindal Steel Cash levels buy above 164 CMP 163.7
SL 161 Target 166- 167- 169- 170-172+
