NSE: JINDALSTEL is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
JSPL has doubled since its july low. Risk reward is poor on fresh longs
Longs might want to exercise caution here. More of a long exit than shorts
For buyers, better levels should emerge with time
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...
Metal Sector Showing Strength in coming week. Jindal Steel on Daily TF We can see on last week made Double Pattern Formation and can make complete Triple Top Pattern formation in coming week due to Support of High Volume Momentum going strong on Daily, Weekly and Monthly Basis. Volatility increase well. So all positive factors are helps to stock for going...
Very simple chart - neat & clean.
1. Trend line Resistance- Consider double top.
2. Parallel clear Support area - Can go long 330-360 SL 320CB.
3. 280-320 IF Break than We can see big fall down side...
Metal Sector Performing well Stocks like Tata Steel, Sail, Vedl etc....Among them Jindal Steel Performing well.
On Daily TF we can see that stock took support on 578 from January and today market was highly volatile due to Budget But Stock perform well and closing with High Volume. Strong Momentum on Daily, Weekly and Monthly Basis. stock upside move can see at...
Currently stock in Support & Demand Zone 1hr chart Hammer pattern high broken. CPR Says bearish view for next day. I am saying go Long because Market closes back into the market and above patterns high.
Jindal Steel & PWR
Debt free company
Stock is trading at 0.99 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 38.37% CAGR over last 5 year
Investors can add around 300-350.
SL close below 250
Targets 400, 450, 500, 570, 600+
Please like and follow.
-Saptarish Trading
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 !
