Jindalsteel
JINDALSTEL - Short term swing/IntradayThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Entry can be taken on small candle breakout above the resistance line or if the price gives big breakout, then entry can be taken on small pullback.
Targets are shown in image. SL can be either below 294 or if entry on pullback then SL can be slightly below the pullback low.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
JINDAL STEEL - Bearish H&S Pattern - Intraday/Very short termThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
JINDALSTEEL (Bearish H&S Pattern) - Intraday/Very Short termThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
Jindal steel SHORT continutionJINDAL STEEL
I selected this stock for shorting. If you followed my last idea (TRADING STRATEGY), i mentioned that select weak stock for shorting.
this is selected on the basis of fundamentals.
Results are visible.
it is going to give one more shorting opportunity.
I classify traders as two types. 1. Conservative (safe play) 2. Dare (risk play)
So conservative players can short the stock after braking short uptrend line (pink one)
Dare players can short near the Resistance line (red line)
What is the logical stoploss?
201.35 on closing basis.
REMEMBER professionals always look at stoploss first.
What is the target?
It all depends on how much market want to give us.
Your humble trader
KIRAN
------------------------------------------------------------------------------
follow my profile for new trading ideas (www.tradingview.com)
--------------------------------------------------------------------------------
Jindal steel ........ IS THE UPTREND GOING TO REVERSE?JINDAL STEEL is in very good uptrend from april.
Like every good movie has an end, this uptrend is coming to an end, or taking some breath after long run up.
Here is my views,
VOLATILITY STOP INDICATOR GAVE THE FIRST SIGN OF WEAKNESS.
If it brake the uptrend line then, it will start new journey to south.
let see how it develops.
CAUTION !! Short Term Investors in Metals !! We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days.
Fresh Investors Ignore Metals as of now.
Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals.
Also looks like completion of Elliott's 5 wave - .
Go through my profile in.tradingview.com for all metals analysis done.
Continuation to the UpsideJindal Steel is in a very interesting pattern. This broken out of the Daily consolidation/ corrective down trend. Entering long here could be risky but If we see a consolidation here in the form of a flat indicating a continuation, then it is a good buying opportunity- to retest the Daily highs and possibly go beyond. For a favorable risk / reward, I would surely look for a 240 corrective structure and then get long on it, just not yet, though.
*** This is not a trade advise**
#JINDAL #BANKNIFTY #NIFTY #NSE #BSE #TRADING #COVID19 #HISARJSLHISAR
CMP: 61.70
Target: 76 (1W)
SL: 54