JINDALSTEL trade ideas
JINDALSTEL : BreakoutBuy if Daily close above breakout line..for tgt abv 300 and keep stops near 235
Jindal Steel - Uptrend May ResumeJindal Steel and Power gave a breakout from flag pattern on weekly chart, prior to this breakout the stock has successfully retested its earlier breakout from Feb 2015 high. Taking into account, the stock may resume uptrend, pattern would fail below 240.
JINDALSTEL -- Good shorting opportunity!!!!Jindal steel trading in a channel and before breakout it should retrace up to 221. So with minimum SL one can go short!!!
Jindalsteel-near dynamic support of 100 MA Jindalsteel-near dynamic support of 100 MA ,stock can do good above 238
Possible downside below 227.....JINDALSTEL reacted near its strong resistance and negative reversal in momentum indicators may take down price.....
Disclaimer:
All my post are for educational purpose non-advisory and non-directional....
JSPL - STRONG MULTI YEAR BREAKOUT ON CARDSJSPL has formed a near perfect rounding bottom on long term time frame ( weekly charts ). A breakout above 195 can lead to a large potential upside target of about 340 and the target should be achieved in 2-3 quarters. A break and close above 200 can be a good entry point for positional longs.
jindal steel looks bullish in short to medium termIn daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
in weekly, BB is trending up and candles are sustaining above 20 ma,
in longer time frame, round bottom forming here
with sl - 150, 1st tgt - 177 2nd tgt - 208, long term tgt - 343
#JINDALSTELCCI(D/W/M)>100
Strength close >178.65 on D basis
TGC is true
Volume Support
Target 190 / 212
Duration: 1 - 2 weeks
