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.
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 !
Sector : CNXMetal CNXMetal Outperforming Nifty Perfect C&H with target of 900
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...
Jindal steel swing trade Buy@438 Sl415 Target 459/490
1. brokout from swing high daily time frame 2. brokeout from triangle 3. 15min falling wedge broke 4. trading above weekly pivot
What to see for the week ahead on Jindal Steel:- 1• Jindal Steel Showing a Bullish continuation setup for the weak ahead look for a break of the trend line and a continuation for an entry in the trade. 2• Wait for the correction to confirm the trade‼️ 3• Target 🎯 1. 457.10 🎯 2. 501.05. 💸If you like my idea Do like and comment 💸