JINDALSTEL trade ideas
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
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levels to watch outHad an impressive rally, markets have topped at the 240 handle, whoever missed out on selling this stock can go short against 205, can see deeper correction towards 115
15) LOOKING BULLSH - @BUY AT -221 , S L - 201 , T P - Long term survival is a more important thing to consider in trading than short term profitability.
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.
Looks iii)rd wave ahead to break the previous high 800 .... Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...
Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Is this the end of 20 days Rally For Jindal steel ?It was a good bull run from last 20 days. Now it seems weaker. It's just a correction or end of rally ?
100%+ in coming monthsI feel a strong bullish sentiment in this stock. Its been forming a strong base by getting rejected from strong support zone multiple times.
Once it crosses red zone and sustains above it for few days, then it can quickly blast and give first target of 80% and then 140%
The metal sector is also bullish right now and for long term.
Trading plan with targets, stoploss and Risk to reward ratio is attached in chart. Please strictly manage your risk according to it.
R-0146 Buy JINDALSTEL @ 198-198.30 SL 194.30 TGT 206Intraday Cash Buy JINDALSTEL @ 198-198.30 SL 194.30 TGT 206
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**
R-0119 Intraday Cash Buy JINDALSTEL @183.85-184.85 SL 181.7 Intraday Cash Buy JINDALSTEL @183.85-184.85 SL 181.7 TGT 191
Above VWAP + TK cross over + MACD cross over => Bullish moment on shorter term
Jindalsteel Looks BullishJindalsteel made flag also given breakout ... Looks bullish only RSI trendline is resistance which need to be broken for targets,
BEST BUYTHIS STOCK IS BEST FOR BUY NOW WITH TARGET 190 AND 195 REASON FOR BUY BECAUSE IT IS IN UPTREND AND THERE IS BULLISH DIVERGENCE IN RSI
200 SMA CROSSING OVER50 MATHE STOCK IS ABOUT TO BREAKOUT DOWNTREND AND IT IS ALSO INDICATING TO BUY AS MOVING AVERAGES CROSSOVER
