JSL trade ideas
JSLThe stock is trading in a rising channel
Also follows 100ema closely.
CMP: 77
Support zone: 64-67
Target: 92, 110, 135
BREAKOUT IN JSL -- SWING TRADERefer the chart for entry, sl and target. Chart is self explanatory. Trade with proper risk management. Thanks. Cheers.
JSL - Swing Trade opportunitySWING Trade Opportunity
JSL
(2 hourly chart)
Can expect 20/30/40 points rally from here
Weak below 168/165
- Good breakout with adequate volume.
- Trade opportunity with decent RRR.
Good structure on daily chart as well.
A turnaround story for Jindal stainless for long termthere is merger with jsw hisar ,
the merger will lead to a simplified capital structure expanding the turnover of the combined business to 20000 crore so after
the merger of jshl into jsl will create a mega stainless steel enity that will be among the top 10 stainless steel companies in the world and will be largest in india
we can also prefer jindal stainless hisar also but it will be merged in jsw stainless at the ratio of 1:1.95 so if wanted can prefer jindal hisar also
but in long jindal stainless wil create a value
and also from 16 years there is no split or bonous or dividend until now
now dept is being cleared qoq and eps is improving in metals stainless steel did not rally much and jindal stainless would be expected to be market leader in stainless steel
in india
in case stock corrects dip1-145-150
dip-2 -120
this is for long term can be a multi bagger
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Breakout, Pullback, UpmoveThis is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
JINDAL STAINLESS Multiyear BreakoutJSL Multiyear Breakout at range 130 then retraced and Starts accumulating .. Buy it before flying to 200 levels
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON JSL.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
JINDAL STAINLESS STEELEarly Breakout Soon Stock. Do your analysis and enter after the breakout conformation
Here we go trade for jindal stainless Perfect strategy dont miss it
As this stock have taken support on 50 MA wathout for next 5-10 days and make profits
Follow me for more intresting trades
Jindal Stainless #JSL - Making a good base before the next runJindal Stainless Limited (#JSL) - Making a good base.
High profitability, increasing margins, reduced debt, merger news, easy earnings comparison for the upcoming quarter, all make a good recipe for a good trade. Details on the chart.
For easy reference, see this picture
JSL at decision point164.50 - 168.75 has been area of supply for a period of time and tested multiple times. On breach and close above 169, a good move towards upside is expected.
Head and shoulderInverted head and shoulder pattern formed .please keep on eye when itz break then it will to start to new high
Bullish Setup in JSLThe 168 Level has been a Big Resistance. If, stock Breaks it and sustains 170 levels it would be a Good Long positional Trade.
Entry: 172
Stoploss: 160
Target 1: 192
Target 2: 215
Positional Trail on 20 MA
JSLNote:
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
INTRADAY / swing tradenearly rejected three times from resitance
forming kindoff head and shoulder pattern breaking resistance and sustain can give us decent move keep SL
Educational idea
JSL setup with Good RR in jsl looks like ready for breakout. we can enter on both way on breakout or after breakout whenever it's came for retest. 1:4 RR setup their
BREAKOUT IN JSL STAINLESS
Materials
Iron & Steel
Smallcap
With a market cap of ₹7,596 cr, stock is ranked 380
High Risk
Stock is 3.75x as volatile as Nifty
