Bearish Divergence Seen JINDAL STEEL & PWR (JSPL) Buy below 579/- Target 1: 553/- Target 2: 526/-
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.
Channel Breakout + Previous High Breakout + Inside candle pattern -1Day Time Frame
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 put=555 SL=572 TP=300M LONG TIME ENTRY
Jindal steel and power price at the pervious all time high level this is resistance. And 490 is the support
Jindal steel sell reversed from supply level and broken triangle pattern, it is good sell on retrace to reach the target given below let' see... Happy Trading.
As metal sector is showing bullishness...also retested on 1 hr ...
Jindal steel looks ripe for a mild correction before further rally to upside. In 60M time frame, tgt of 500 looks pretty likely this week
*JINDAL STEEL & PWR* Time Frame: Daily Observation: * Cup and Handle Pattern Formation Breakout * Swing High Break * Mean (EMA) Diversion Resistance/Target: 468 504 549 Support: 417 405
Upside view for Jindalstel for tomorrow... Above 445 more chance... Please follow strict risk reward and stop loss... Thanks, V Trade Point
Buy Jindal Steelat 406 for a target of 466.50 with SL of 386, the RR is 1:3
📊 Script: JINDALSTEL (JINDAL STEEL & POWER LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500, NIFTY METAL, NIFTY MIDCAP 📊 Sector: Commodities, Metals & Mining 📊 Industry: Ferrous Metals, Iron & Steel Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover . 📈 Already Crossover in...
Cup and handle pattern . Good Volumes. Good Swing Trade
The move from around 370 ended with sharp intra day decline today with a trendline break of the move from around 372. Longs need to be cautious here. Bounces will be shorting opportunities
JSPL has rallied around 35% since the lows in late june Looks like into deep 5th territory of some degree. 5th maybe done or at the most one leg higher I think Shorts may be tried here for a pullback soon. SL would depend on entry point and where it opens tmw