JINDRILL trade ideas
Jindal Drilling On DTFStock is in uptrend. Monthly Rsi shows buyers are in control. Stock hold upper levels for decent time and making news highs at this market correction .. when majoriy of stocks beaten down by also 40 to 50% this holds All time high with conviction.
Risk to rewards holds good equation to buy his script.
#JIndal drilling #stockinnews#Jindal Drillig, impressive results, continuous improvement in Revenue and EBITDA on QoQ and YoY. On Technical chart, Stock made a high of 834 in April-2024, after that stock was continuously falling, but took the support and now near support zone, stock is in short term trend reversal. CMP 601, Target 682/709, stop loss DCB 569. Good risk reward.
Jindal Drilling Ltd *Jindal Drilling Ltd*
C&H; Formation on Decadal Basis.
Strong Price BreakOut & Sustained.
Vol. Consolidation gaining Traction.
RSI: 1HW
JINDAL DRILLING LONG 15 year breakout.. 2008-2023... expecting it to retest 595 may or may not happen.stock looks bullish.. #DYOR
looking good bullish excellent fundamentalbuy for long-term purposes excellent fundamental cmp 212 slcb 204 target 242 255 270++++
JINDRILLNSE:JINDRILL
Reverse and making base
Making Doji on daily basis
Rsi > 55
Moving Avg- Buy
SL - 695
SUPPORT- 737
Target- 850++
JINDRILLMomentum Stock with a orderly pullback, Ready to resume upward momentum. The stock was showing positive momentum for the last six months. One of the top 20 Momentum stocks.
JINDRILLThese are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
This content for only education purpose!
I am not SEBI Register.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
LONG JINDAL DRILLINGBreakout, Weekly RSI is showing strength, seeing an upside till 400, SL is 323. Add more as it comes down or buy here as per your risk tolerance.
Disclaimer:- I am not a SEBI Reg. Analyst. Do your own research before investing.
Comment if you have any question regarding this :)
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Jindal Drilling Ltd.*Jindal Drilling Ltd.*
C&H Formation: Yrly Basis
Price BreakOut Needed >313. If Sustained, Good to Go!!!
Strong Vol. Consolidation / Continued BuiltUp.
Resistance at 331/350/387
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Part of Dharam Pal Jindal Group. Leading Indian company in offshore drilling / allied services (incl. Directional drilling/Mud logging). To be benefited by improvement in Rig charter rates (~$25K/day on FY19 to $42K/day now). All 5 rigs owned/leased are contracted as on date.
Re-deployment risk of the rigs is expected to be low
Increasing Sales/Profitability on Yrly Basis.
Sharp Improvement in RoA/RoE/RoCE for FY23 vs. (Double Digits) FY22 vs. FY21.
Improving Leverage/TNW/Increasing Cash Reserve.
+ve Ops. Cash Flow/WC Cycle.
Promoter Stake Stable. FII Stake Increasing.
*Concern:*
susceptibility of charter rates (at time of signing of contracts) to crude oil prices, being inherently volatile. Litigation with ONCG (under SC) of Rs.160 Crs.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
STOCK NAME { JINDAL DRIL } SWING TRADEbeautiful symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis..
cup and handlestock has formed cup and handle formation on daily chart, stock looks positive in long term chart
Jindal Drilling & Industries Ltd.*Jindal Drilling & Industries Ltd.*
Inverse H&S/C&H Pattern: Monthly Basis
MultiYear Price Trendline Breakout Frequency Increasing.
Strong Vol. Consolidation & BreakOut
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Strong Co*
Part of Dharam Pal Jindal Group. Leading Indian company in offshore drilling / allied services (incl. Directional drilling/Mud logging). To be benefited by improvement in Rig charter rates (~$25K/day on FY19 to $42K/day now). All 5 rigs owned/leased are contracted as on date.
Re-deployment risk of the rigs is expected to be low
Increasing Sales/Profitability on Yrly/Qtrly Basis.
Sharp Improvement in RoA/RoE/RoCE for FY22 vs. FY21.
Improving Leverage/TNW/Increasing Cash Reserve.
Higher +ve Ops. Cash Flow/WC Cycle.
Promoter Stake Stable. FII down.
*Concern:*
susceptibility of charter rates (at time of signing of contracts) to crude oil prices, being inherently volatile. Litigation with ONCG (under SC) of Rs.160 Crs.
High exposure to group entities leads to subdued RoCE
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
Multi Year Breakout in JINDRILLNSE:JINDRILL has broken out of multi year base with significant volumes. The stock is also outperforming benchmark index NIFTY 50 since last three months. Only caveat is its EPS strength on marketsmithindia.com is 'FAIR'. Small position can be added on pullback and then watch the trend.
JINDAL DRILLING : A better Placed for ExplorationVedanta owned CAIRN Energy declared to increase exploration of OIL due to present scenario. JINDRLL is better placed to take off.
cup and handlestock has shown long term cup and handle formation stock can see double target from her buy on dips
Jindal Drilling Ltd.Jindal Drilling. 10 Year Trendline Break-Out with Strong Price/Volume Action.
Rounding Bottom Formation - Monthly Basis. Considerable Upside possible.
Do Your Research as well.
JINDAL DRILLING WEEKLY CHART Rounding bottom pattern , breakout above 146-148 ,if clsed above and sustain then very quickly 90-100 rs move will come . can add around 133/127
