JSPLOn the verge of breakout. Needs to give close above 232 for positional long.
Educational purpose.
JINDALSTEL trade ideas
JSPL to strike highJindal steel & power is coming out of INHS pattern
Enter only above 225 for target of 236 & 250 sl 212
(Can make the position in future as well)
wait for the bearish candle...hi guys market is in channel..wait for the bearish candle...and then we go for short..if market breaks the channel then we short d point and we long from breakout retest till d point...
JSPL can extend rallyCheck the chart.
It has formed head & shoulder pattern already. It can extend its bullish rally.
Initiate a Long Trade on JindalStelInitiate a Long trade on JindalStel, from 219, SL @ 216.5, Targets (1) 222, (2) 227, (3) 232, (4) 237, (5) 242, (6) 248
JINDALSTEL CASH : BREAKOUT ABOVE 230 CLOSEJINDALSTEL CASH (30 AUG 2018)
Breakout If close above 230 for 248-250/270/300 SL 215
Jindal Steel Swing Trading Company posted good numbers it will made high soon.
Buy Jindal Steel (JINDALSTEL)
Cmp : 200
SL : 175
Target : 220/245
#Jindalstel cash : Looks good above 211 and 212#JINDALSTEL CASH
28 AUG 2018
LOOKS GOOD 50% ABOVE 211
AND 50% ABOVE 212
TARGET 214.50-215/219-220
SL 207
CMP 208.35
SELL ON RISE - WEAK unless it Sustains above 220 Levels Parallel Channel Downwards. Breakout and Pullback of Support Line, Breakout, and Pullback of 200 EMA and Earnings in 10 days.
Jindal Steel is a possible short on every rise towards 210. Levels are given for favorable Risk and Reward
Short Jindal SteelIn downtrend,
Formed lower top, retraced to 61.8%
CBSL 212
No targets, lets trail SL till it hits,
Entry below PDL
Short Jindal SteelIt is wait and short. Jindal steel looks weak. I recommend to see level break @196. So short levels are 196.194. Target will be 178-175. Stop Loss 201. For aggressive traders.... you can short at current levels of 200-203 with stop loss of 207. The daily ichimoku resistance on the slower line is 205 which i believe will not break.
