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Jindalsteel

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) --------------------------------------------------------------------------------
NSE:JINDALSTELShort
by KiranSunku2016
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**
NSE:JINDALSTELLong
by Divergensity
2
Jindal Steel Is Looking Bearish. But "Conditions Apply"Jindal Steel & Power Limited (NSE: JINDALSTEL) is giving solid signs of Loss Of Buyer's Momentum as per TTC Breakout Formation . Right Now it is at a Critical Make-Or-Break Zone around 153 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 148 Zone . Then 141 and 133 are the next support. For Swing Traders, 121 Zone is Very Critical. Below which we can see a good amount of selling. Tata Steel Limited (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
NSE:JINDALSTELShort
by TFTIndia
Jindal Steel Is Looking Bearish. But "Conditions Apply"Jindal Steel & Power Limited (NSE: JINDALSTEL) is giving solid signs of Loss Of Buyer's Momentum as per TTC Breakout Formation . Right Now it is at a Critical Make-Or-Break Zone around 159 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 153 Zone . Then 148 and 141 are the next support. For Swing Traders, 121 Zone is Very Critical. Below which we can see a good amount of selling. Tata Steel Limited (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
NSE:JINDALSTELShort
by TFTIndia