JSL hit its all-time high yesterday, surpassing its previous peak.
It bounced from its 20 EMA support, with RSI moving up alongside the price and MACD showing a bullish crossover on the daily timeframe.
The price target is 755, with further potential to rally to 764 - 776. Buying is recommended above 719, with a stop-loss below 690 on a daily close basis....
📈 Stock Name - Jindal Stainless Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 682.
🚨Disclaimer: This is not a Buy or Sell...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
#JSL #trendingstock #momentumtrade #patterntrading
Jindal Stainless (JSL) : 1-3 Months
>> Trending Stock
>> Stock in Momentum
>> Good Strength & Volumes Buildup
>> Low Risk High Reward Trade
Swing Traders can Lock Profit at 10% & Keep Trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by...
The chart is self-explanatory and shared for educational purposes.
JSL Stock has a Channel Breakout after a reasonable consolidation.
Volume Breakout & above MA line.
There is a high possibility for upward momentum.
Price swinging near the resistance line with bullish candles could lead toa breakout where we can grab the target in short term with 1:1risk reward ratio
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger gains (5-10%)
INTRADAY Trading Strategy:
1)...
