JINDALSTEL trade ideas
JINDALSTEL - Ichimoku BreakoutStock 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 education purpose and a helping hand to learn trading in Market.
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Jindal Steel & Power Bullish !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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JINDALSTELJINDALSTEL:- 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 trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
All eyes on ICICI Bank at 960 - Sell or Buy more?Having a plan of action before a stock you hold comes to a crucial point is essential. You have 3 decisions to make in ICICI Bank as it comes to LTH. All eyes will be on 960. I hope these rules help
There are sellers at 960 - if the stock moves there slowly it will get hit back - possibly all the way back to 940
Just like happened in ITC - we need to clear the Life time high with force - maybe on an EOD basis on high volumes. At that point sellers could turn into buyers , clearing the way to 1000
Also highlights the importance of doing the fundamental work before hand - the results gave enough time to buyers to get in
Setting alerts on TV is essential to avoid "reaction based trading" - set alerts and only take actions once they are triggered.
Hope this helps - all comments and criticisms are welcome