Cup n Handle formation in Jindrill - May give a good MoveExciting thing is good big hammer on weekly time frame..lets see what happens - ST/MT
Stock trading at less than half of book value.
Company has ventured into renewable energy as well.
JINDRILL trade ideas
Bullish NSE:JINDRILLBuy = 165
SL = 148
Target 1 = 199
Target 2 = 216
05/10/2021
Bullish NSE:JINDRILL-->Jindal Drilling and Industries Ltd
Buy for short term
Subbus Breakout Verge of breakout, formed an inverted triangular pattern
SL-120.2
Entry above 135 on DCB
T1= 147.15
T2= 173.2
If breakout failure happens in this week then stock is bearish and can touch levels of 104.95, that's the right time enter this stock for huge gains in long term.
Jindal Drilling Multi -Year Falling Channel BreakoutAlmost a 10 year falling channel breakout has happened in jindal drilling. Usually falling channel breakout gives a huge targets and is also in this case. The target could be somewhat 440 and the CMP is 142.
Rising Wedge Breakout | JINDAL DRILLINGJINDRILL Daily: Looks good for more upside at CMP
1) Rising Wedge Breakout
2) High Volumes
3) Offshore drilling company in India’s Oil & Gas sector
Comment with a 🔥 emoji if you are going to trade it.
JINDAL DRILLING--> Super quick upside potentialThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Jindal Drilling - CMP: 107It has given Rounding Bottom breakout on the weekly chart. Increasing in delivery volume indicates positive movement expected ahead. ADX indicating strength in trend. We can expect price movement till 120 in the near term. Also closing above 122 will move the price to 145 in the mid-term time frame.
JINDRILLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
One Right Trade's Swing Trade Idea #191 : Long on JINDRILL This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
#Jindal Drilling Long Term Investment#Jindal Drilling
Buy & Hold this stock for long Term.
CMP-175
SL-140 (Weekly Closing Basis)
Position tradeStock closed at its crucial level i.e.176. Sustaining above 180 is important for successive breakout. If happens then we will get good move in coming months.
Jindal drill- Boom 152-198 -Bears were drilledExcited to get the move out of simple looking double bottom in the zone 150-152 as mentioned in previous updates.
Drilling the bears within the zone 150-152--- (click the chart & load the bars)
Jindal drill- Drilling the bears in the zone 150-152 Some stocks have regular patterns which they repeat again & again. Few day's back it was updated that JD is famous for double bottoms & look marginally it went down to 148 lows & pushed upside to 162.50 in the last trading session of 28th Nov2016 forming again double bottoms.
Jindal Drill- Can become famous for Double BottomsLook how Jindal Drill -if goes above 160 & sustains likely to push deep upside & more likely to repeat the double bottom pattern which it knows very well.
