bearish reversal divergence-Jindal steel and powerJindal steel making clear higher highs but Macd is making a lower low indicating a further fall in price.
one can sell @cmp with SL@157.5
R:R would be 1.8
target -148.5
JINDALSTEL trade ideas
Jindal Steel Positional Buy For 08/06Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This Chart idea is on Basis of Volume Breakout that doesn't mean the stock price can go up but yes has high probability to do so..
Buy JINDALSTEEL & PWR For 101 105.9 110 115 119Buy JINDALSTEEL & PWR For
101 105.9 110 115 119
SL 89
Jindal steel backtested 2 yrs data. Sideways/Neg move expected.For all cases, where daily returns are >9% on closing basis, the stock moves sideways/negative returns (on daily basis) on next day.
We can safely short 110 CE for weekly expiry.
Buy jindal steel @92.75 for Target of 140 sl trend breakBuy jindal steel @92.75 for Target of 140 sl trend break
Pole-Flag in JINDALSTELAs per daily chart it has stuck in a good range beakout in either side can give good price momvement.
elliot impluse wave with fib level.after this strong down move in the previous week's session and taking support at fib level,it is indicating a correction in a down move. short term buy swing trade for 3-4 days untill it test fib levels then further continuation in a down move .
JINDAL STEAL | Taking support on the Bull FlagThe stock shows a strong tendency to follow the ongoing trend and to bounce off support by the previously set up bull flag. With a SL set up 2% below the confirmation, the stock has a high potential to rise to a 25% above the support.
stockjindal steel had resistance zone of 191-186.supported by strong divergence in price and indicators.traders if u like my work please press like .
LONG - JINDAL STEELLooking very good for long position. have updates the entry , target & stop loss.
#DYOR
Jindal Steel - Double Top - Look for reversal pattern to shortNSE:JINDALSTEL Jindal Steel - Double Top formation on daily candle - Look for reversal pattern for shorting opportunity
Double top formation - Sell Below 158.75/SL 166.35 (Positional)NSE:JINDALSTEL
Double top formation
Sell Below 158.75 / SL 166.35
Buy Above 166.35 / SL 158.75
