Jindal steel formed head &shoulder pattern. use it for your trade wisely.
NSE:STEELCITY NSE:STEELCITY STEELCITY CMP: 63.80 Target 90 SL: 55 TF < 3 months Return > 44% RR > 3 Factors: BULLISH WEDGE BREAKOUT 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...
in hourly chart Jindal steel breaked descending triangle (sing of bullishness) RSI also above of 60.. Am I right according to you or not, please suggest.
Long $JINDALSTEL CMP ₹446.50. Has tested resistance couple of times. Trading just above resistance. Existing resistance could turn into support. May test previous high soon. Target ~₹485 Stop Loss ~₹402
Bought at 410. Current Jindal Steel is 421 will go up till 475 Crosses 490 then will go up till 523 (can retrace) Crosses 530 then up go up till 555 (retrace) This is my analysis and not to buy or sell.
This analysis is purely based on price action and Chart Patterns. The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't run after the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and...
Intraday Cash Buy JINDALSTEL @ 198-198.30 SL 194.30 TGT 206
Intraday Cash Buy JINDALSTEL @183.85-184.85 SL 181.7 TGT 191 Above VWAP + TK cross over + MACD cross over => Bullish moment on shorter term
Jindalsteel made flag also given breakout ... Looks bullish only RSI trendline is resistance which need to be broken for targets,
Buy Above : 156 TP 1 : 160 (Hold 80%) TP 2 : 165 (Hold 40%) TP 3 : 170 (Exit The Remaining 40% & All Open Trades) SL : 145