JINDALSTEL trade ideas
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.
chart pattern recognition ,cup and handle, trianglehello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either side up or down. . probablity chances are higher on upside ) .. the chart looks colourful !!!!!!!! if u find this idea correct , wrong useful, stupid . please comment. .will be happy to reply for u. .
Jindal Steel Weekly Chart AnalysisJindal Steel Looks very strong on the weekly chart.
Consolidating at the moment and also near bottom area of consolidation.
If there is a bullish breakout then it will complete the handle of Cup & Handle Formation at 294.
And above 294 the momentum of Cup & Handle breakout will push its price to 350-380 region.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART BEING UPLOADED FOR EDUCATIONAL AND STUDY PURPOSE ONLY.
My PredictiveEngine's Intraday call(07-Jun-18)-JINDALSTEL-LongBased on my PredictiveSystem's signals, its going to be a GREEN candle on 07-Jun-2018 for JINDALSTEL
Buy Above: 235.5 for targets -
T1: 237.3
T2: 238.3
T3: 239.4
SL: 233.6
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)