in this stock price 5 time touch that trend line so now trend line is going to weak so we wait for proper breakout and if market open big gap down then we can't take trade.
near to 52 week high , keep an eye on this scrip. could expect 800 in few months , place stop loss below 518.
NEW STUDY FOR PAPER TRADE Future Sell/Put Side STUDY JindalStell@560-577 TARGET:- 550/525/500/450/400 STOPLOSS:- 585 Only for Paper Trade And Education Purpose Don't Real Trade #Study Logic : 👉Monthly Supply Zone 👉Monthly Supply Zone Of Sector Also 👉RSI TRENDLINE RESISTANCE
Weekly and daily chart formed double top formation. Watch out for break out at any side. Watch steel index for trend prediction.
NSE:JINDALSTEL is in Bullish breakout ready. Overall Steel Shares are showing momemtum. Reasons: Rectangle breakout and sustaining the breakout. Consecutive two days of high volume. RSI based momentum is above 75 and constantly rising. Trade: Buy above 568, SL: 560, T: 572/580 Sell below 540, SL: 550, T: 534/525.
jindal steel going to give good buy at 394, wait to enter. targets and stoploss can be seen in chart can be seen in chart. (all analysis based on elliot wave theory)
The stock has entered bullish Zone. Any shake out is a buying opportunity in coming week. SL - Below 512 weekly close.
If the stock succeeds in sustaining above 489, we can expect a quick move up to 516-518 and after that a daily closing above 519 can take it to 553-555. SL 463. Good volume seen for the last 5-6 days.
On comparing RSI of the previous top and current top we saw a negative divergence is there if I am not wrong. Negative divergence is a sign of probable fall in the stock. Probably in the upcoming week we saw some profit booking in the metals stock as well as in jindalsteel.
Supply zone is created in jindal steel and may be soon we saw a fall in jindal steel.It is only for education purpose may be i am wrong. Don't take trade on others advice.
NSE:JINDALSTEL Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
JINDAL STEEL posted on 12.11.2022 Buy ABOVE 503 TARGET 529 and on 14.11.2022 stock made a high 517 and closed at 515. This stock in few sessions will hit the target. Happy profitable Trading to all...
JINDAL STEEL as per day chart analysis Stock ABOVE 503 TARGET 529 Happy Profitable Trading to all...
Jindal Steel has broken out of Cup & Handle pattern with good Base and volume. As long as stays abv 470 we can expect good rally
JINDAL STEEL As per day chart Analysis Above 503 Target 529 Happy Profitable Trading to all....
Chart is self explanatory Hold with Patience. One can enter around at CMP and average around 360 Disclaimer: This view is for only educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Look at its chart it is bouncing storngly. It has not declined compared to SAIL. I have publised the chart of SAIL just now. after 5 wave impulsive rise it has gone zigzag corection, After high of just above 577 fell to sub 300 with in a span of two months, after that it has been rising.. as long long as it has not risen five wave impulsively we can not say its...
Here it is in its 3rd wave.. so a good time to buy it..First tgt 500. Secong tgt 520..Enjoy the trade