Multiple Patterns Breakout.Jindal Steel Fut broke above ascending triangle pattern as well as double bottom pattern on an hourly charts with decent OI build up.
Risk:-Rewar = 1:2
Could b bought with mentioned stoploss & target
Short selling A m chart pattern created and clearly breakdown the neckline in Indian stock Jindal steel future.
We can short from here for tgt of 100 points.
JINDALSTEL FUTURE SHORT SELLJINDALSTEL is weak on chart, trading below 20EMA on daily chart. all major indicators are showing weakness in the stock. Our recommendation is to Short Sell JINDALSTEL future with strict stop loss above 606 for targets 581/564/551.
JINDAL STEEL broke out1. brokout from swing high daily time frame
2. brokeout from triangle
3. 15min falling wedge broke
4. trading above weekly pivot
JINDALSTEEL formed Inside Bar Daily Candle Pattern
JINDALSTEEL formed perfect PPL candle pattern in Daily time frame, looking at RSI i think this stock may be BULLISH on Monday 13th Sep 2021. But if this stock manages to open below 396 and sustains at that price then look for BEARISH side.
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Frequently Asked Questions
The current price of JINDAL STEEL & PWR FUTURES is 915.40 INR — it has fallen −1.62% in the past 24 hours. Watch JINDAL STEEL & PWR FUTURES price in more detail on the chart.
The volume of JINDAL STEEL & PWR FUTURES is 7.15 M. Track more important stats on the JINDAL STEEL & PWR FUTURES chart.
The nearest expiration date for JINDAL STEEL & PWR FUTURES is Jan 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell JINDAL STEEL & PWR FUTURES before Jan 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For JINDAL STEEL & PWR FUTURES this number is 8.09 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for JINDAL STEEL & PWR FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for JINDAL STEEL & PWR FUTURES. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of JINDAL STEEL & PWR FUTURES technicals for a more comprehensive analysis.