Jindal stainless Cmp 141.80 dated 22.7.2021Jindal stainless Cmp 141.80 dated 22.7.2021
1. 3 years rounding pattern on chart, BO above
133.
2. High Volumes.
Buy for a tgt of 240 SL 115
It is just a view, pls trade at your own risk.
JSL trade ideas
JSL (Jindal Stainless)- All-time High Breakout.
- High Volumes during & before Breakout.
- Spread Breakout.
- Strong & increasing Relative strength.
- Good Quarterly & Annual numbers.
JSLClose above the horizontal line will be a multi year BO. With metal index looking good, it can be a very good bet. Dont miss this one.
Breakout in Jindal Stainless Ltd...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Target 1 (12%) achieved in Jindal Stainless. Target 2 is ON...This is follow-up on Jindal Stainless Ltd. Can check link to related ideas.
Target 1 achieved. More than 12%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
jsl at major resistancejsl has completed its round bottom formation for second time. round bottom formation is a reversal pattern in which the selling pressure is seen first at bottom levels bulls start gaining power and complete the curve. as you can see the curve to be completed and its at major resistance near 120. it has retraced twice from this level thus making it a physcological level. the price might see some correction forming a handle formation as in cup handle pattern. if the price crosses 120 from high volume the stock might see further upside but i oubt it as profit booking might start at this level
JSLJindal Stainless Steel offers a wide range of products including Ferro Alloys, Stainless Steel Slabs, Hot Rolled Coils, Plates and Sheets, Cold Rolled Coils and Sheets. In FY21, it cut its debt by almost 20%. JSL can now touch Rs.160
JSL IS GOOD TO BUY FOR TOMMOROWJSL GIVES A BREAKOUT AFTER 107
ALL LEVELS ARE MENTIONED IN THE CHART
ALSO FOLLOW ME
Jindal StainlessJindal Stainless - Cmp 99.30
The stock is giving breakout after consolidation. Looks good for long if sustains above 99.50 for targets of 110/120.
#JSL Cmp100.90 #target 121(20%+) #BANKNIFTY #INFY #TCS #RELIANCE#JSL
NSE: JSL
Long Term Investment
CMP 100.90
Target : 121
SL : 91
Timeframe < 60 Days
Can hold for longer time
Factors:
Rounding Bottom Pattern
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
#JSL Jindal Stainless, pennant pattern#JSL has given breakout from the upper trend line of the symmetrical triangle on Daily chart.
Good Volume.
Consolidation formed a pennant pattern and now BO.
Has already formed rounding bottom on Long Charts weekly/monthly
Near Term Target 110+
Potential Target 130+
SL- prev day low.
Note: not SEBI Registered. Nor any Recommendation. do your due diligence before taking trade.
