stock name Jindal steel, Time frame 15 minutes, Intraday long opportynity.
Flag pattern was formed in the chat aforementioned ,for the target of Rs 5.35 .
So it was a good down side move by our India market on Friday 16th of September 2022 ,There was a reversal signal popularly known as Dark Cloud Cover. similar pattern was formed on 5th of April 2022 ,post which a negative down side rally was observed in Indian market.
Post analyzing facts and figure my take on Nifty50 is that , we are roughly 8 month away...
Studying the price is the prime focus of Technical Analysis, CUP PATTERN is an effective form of price action, I think there is an excellent BUY OPPORTUNITY if this stock crosses and sustains the 1250 mark, I will certainly like to add CUMMININD to my watch list.
