Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk. This Chart idea is on Basis of Volume Breakout that doesn't mean the stock price can go up but yes has high probability to do so..
Buy JINDALSTEEL & PWR For 101 105.9 110 115 119 SL 89
Price is moving toward control price Thanks
Long above 100.90 for a target of 108.
For all cases, where daily returns are >9% on closing basis, the stock moves sideways/negative returns (on daily basis) on next day. We can safely short 110 CE for weekly expiry.
JINDALSTEL TRIANGLE BREAKOUT MOVE TOWARDS 117
Buy jindal steel @92.75 for Target of 140 sl trend break
As per daily chart it has stuck in a good range beakout in either side can give good price momvement.
Once line break then it will be more pain
after this strong down move in the previous week's session and taking support at fib level,it is indicating a correction in a down move. short term buy swing trade for 3-4 days untill it test fib levels then further continuation in a down move .
Analyse it Before Trading in this stock.
The stock shows a strong tendency to follow the ongoing trend and to bounce off support by the previously set up bull flag. With a SL set up 2% below the confirmation, the stock has a high potential to rise to a 25% above the support.
jindal steel had resistance zone of 191-186.supported by strong divergence in price and indicators.traders if u like my work please press like .
Looking very good for long position. have updates the entry , target & stop loss. #DYOR
NSE:JINDALSTEL Jindal Steel - Double Top formation on daily candle - Look for reversal pattern for shorting opportunity