JINDALSTEL trade ideas
Jindal Steel & Power Ltd.*Jindal Steel & Power Ltd.*
*Double Pattern BreakOuts: Monthly Basis*
Cup & Handle Formation
Pole & Flat Pattern
Price BreakOut / Volume BreakOut & Strong Built-Up
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Strong Company*
Net debt fell 1.6% QoQ (Net debt/EBITDA at 0.6x (on TTM basis), lowest in the industry. Operation Turning Profitable (Qtrly/Yrly). Significant Debt Reduction. Substantial C&CE. Improvement in Ops. Cash Flow. Increase in DII Stake.
Removal of financial linkages/ Management control between JSPL & JPL will reduce consolidated debt ~ Rs.6,000 Crs, in addition to the cash proceeds.
India's leading steel producers with significant presence in sectors like mining and power generation.
Sector witnessing Tailwinds - Real Estate Play / Infra Push (Domestic/Exports) / Supply Constraints due to Ukraine/Russia Issue.
*Concern:*
Weak Ops. cash flow of overseas subsidiaries against their large debt repayment
Decline in FII Stake.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
Jindal Steel And Power BreakoutThe 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.
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
JINDALSTEL bullish pole and flagThis stock has been consolidating since many weeks ( almost a year now ). Today, this stock closed above its daily 200ma. Keep your eye on breakout.
JINDAL SteelJINDAL Steel - Buy
@ CMP
1st target - 429 Level
2nd target - 447 Level
Happy Trading like and Follow :)
JINDAL STEL JAN 3rd WeeK#trade 1.6
seems like if it doesn't break the resistance it will go down, so sell if it doesn't break down.
if it follows the blue line buy at the given line or else goo short the price might goo and touch the support.
wait for the breakout or goo short
not a advisor, noob analysis
happy trading :)
JSPL - breaking out of the curveJSPL is breaking out of the curve that was capping upside. good to go long here.
SL should be around 370
jsw steel can be a good entryi give a baby candles breakout it also indicate its continuationkeep eyes on it
JINDALSTEELNSE:JINDALSTEL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
JINDAL STEL, is it really breaked descending triangle (bullish)in hourly chart Jindal steel breaked descending triangle (sing of bullishness) RSI also above of 60.. Am I right according to you or not, please suggest.
JSPL - curve based sell.JSPL - this seems to be the operating curve
Shorts can use this. Upper boundary currently around 390 and declining
JINDALSTEELNSE:JINDALSTEL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Jindal SteelJindal Steel is facing resistance around 392-397 levels.
If JindalSteel Breaks n Sustains above 394 thn Buy with Sloss below 378 for tgts of 430
jindalstelIf jindalstel is break the trendline and break the major level of 377.95 (1 hour candle close above) and sustain, then its buy signal for swing traders
Long $JINDALSTEL CMP ₹446.50Long $JINDALSTEL CMP ₹446.50. Has tested resistance couple of times. Trading just above resistance. Existing resistance could turn into support. May test previous high soon. Target ~₹485 Stop Loss ~₹402
#jindalstel AB=CD patternAB=CD harmonic pattern can reverse from following reversal zones
prz1 476.20
prz2 485.80
JINDALSTEELNSE:JINDALSTEL
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
