There has been a breakout through the Resistance line (Yellow line)
There is good , higher than average volume on breakout
There is rise in ATR on and after breakout
Steep Rising RSI Crossing over to OB zone is indicating good momentum
Tgt = 662
SL = 599
Stock Name - Jindal Steel & Power Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 668
#This is not Buy and Sell recommendation to any one. This is for...
The stock encountered significant resistance at the level of 635 after breaking out. Currently, it is retesting this level, which is now acting as a strong support. Moreover, a pin bar candlestick has formed on the 2-hour time frame, suggesting a potential bullish movement in the future.
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JINDALSTEL has given cup n handle pattern breakout at 610 levels.
After more than a year consolidation, metals are moving up for new highs.
Target1: 710 and then 910
SL: Daily candle close below 610
JINDALSTEL:- Stock is about to give breakout, may see downside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful...
Jindalstel is ready for a move till 620 then 640 then 656.
Targets might be achieved this month itself, planning to go in call options tomorrow!
Volume is giving me confidence :D
