NSE:JINDALSTEL is indicating sign of reversal. As per my analysis, 532-533 is best level to take buy entry with stop loss of 505 (-28 points risk). My expected upside positional targets would be 545 (+13), 558 (+26), 569 (+37) & 580 (+48).
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
ITS DOUBLED IN 8 MONTHS
This is the power of Buying at Best Level...
BUYING IN DIP
So always lear to make it big..
THE CHART IS TRANSPARENT...
U CAN GET TO KNOW THE ZONES VERY WELL...
Jindal Steel can be a good option for positional trade for tomorrow, if a 15 minute candle closes below the entry price. We can execute the trade with a bear call spread.
*strictly personal opinion, not a trade advice*
NSE:JINDALSTEL
#JINDALSTEL #Cupandhandle shared @ 420 with Support @ 392, checkout the chart, respected the support well and zoomed to sky !!!
Stay tuned for more best charts 👍
Chart shared previously attached for referrance.
AS we can see 20ema is above 50ema making higher high higher low with support of rising trend line.in 36 days this stock give almost 23% return.
educational purpose only !
Jindal steel at ALL TIME HIGH
today it gain 9% with ahuge volume it indicates stock have much more strength now it can breaks it all time high and can make new all time high.
Once can buy JSWSTEEL above 578.65 for a price Target of 630++ with a Stop Loss of below 514. Prices holding above 579 could give a new breakout. We also have RSI at around 64 and the prices trading above all important EMA which could support the movement of the prices. Today the stock has moved up 9% with a volume of 150,63,605.00. You can expect a pull back...
Once can buy JSWSTEEL above 578.65 for a price Target of 630++ with a Stop Loss of below 514. Prices holding above 579 could give a new breakout. We also have RSI at around 64 and the prices trading above all important EMA which could support the movement of the prices. Today the stock has moved up 9% with a volume of 150,63,605.00. You can expect a pull back...
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Looking Bullish on a chart. Buying seen with high volume recently. Buy if sustains above 485 for targets 574, 718 and above. As per Daily and Weekly chart, it's been rejected from this zone multiple times.
Above 200 EMA now. BUY @485 with SL 460
Multiple news supports Bulllish pattern ie. Interim Devidend, EU export boost due to Ukraine, Sales grows 8% in Feb
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
