Jindalsteel
Jindal Steel & PWR - Buying opportunityLooking Bullish on a chart. Buying seen with high volume recently. Buy if sustains above 485 for targets 574, 718 and above. As per Daily and Weekly chart, it's been rejected from this zone multiple times.
Above 200 EMA now. BUY @485 with SL 460
Multiple news supports Bulllish pattern ie. Interim Devidend, EU export boost due to Ukraine, Sales grows 8% in Feb
Jindal Steel HisarThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Jindal Steel Bullish continuation 🤑🐂✅What to see for the week ahead on Jindal Steel:-
1• Jindal Steel Showing a Bullish continuation setup for the weak ahead look for a break of the trend line and a continuation for an entry in the trade.
2• Wait for the correction to confirm the trade‼️
3• Target 🎯 1. 457.10
🎯 2. 501.05.
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A potential Long setup for Jindal Steel• You can see a potential short term buy entry on Jindal Steel For the week ahead
• It has 1/4 risk reward ratio
• Entry for trade is at :- 393.40
• Profit target is at :- 421.55
• Stop loss is at. :- 384.25
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