Jindal Stainless Ltd Above All Time Breakout
Buy Above 550
Stoploss bello 455
Targel Near 700-750
Holding Time 2-3 Month
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking...
JSL looks bullish and has been in an uptrend for a while. It has just reversed RSI from 40 on a daily time frame. RSI above 60 on weekly and monthly time frames. The volume has increased significantly in the last trading session. The price has just crossed the trend line but retraced back. It would be a good buy if the price breaks 480 levels with fair volume &...
NSE:JSL
LIFE TIME BO!!!
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your...
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights...
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Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation
Company increasing Profits every quarter for the past 2 quarters
and share price above short, medium and long term moving averages..
FII increasing their shareholding.
➡️Stock Trading above 20 & 50 EMA
➡️Key Moving averages sloping up
➡️Stock structure is Uptrend
➡️Breakout Level 295 Support 284
Don't forget to hit that❤️for a like,🔁 for a share,and 🔖 for a bookmark!
JINDAL STANLESS the daily and monthly chart price pattern example of price action trading, I am first time see this type of perfect price action. .
If you are love the price action save this chart on your Gallery.
Stock is above 63 DEMA/WEMA
RS is positive and rising
RS is above 63 EMA
Stock is making HH-HL
Next immediate resistance area is around 175-180 as marked in chart.
14-15% move possible in November
Its a small cap stock
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
