NSE:JINDALSTEL
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
There is a clear breakout from the downtrend in the hourly chart of JSPL.
I am going to take a chance and go long. The SL should be according to the risk taking capacity but I think targets of around 950 / 960 in short term.
#Educational purpose only
Jindal Steel & PWR
Debt free company
Stock is trading at 0.99 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 38.37% CAGR over last 5 year
Investors can add around 300-350.
SL close below 250
Targets 400, 450, 500, 570, 600+
Please like and follow.
-Saptarish Trading
📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is moving from it's support level (posted earlier).
📈 Script was trying to give upward moving channel breakout today but selling pressure came from top.
📈 MACD is giving Crossover.
📈 Double Moving Averages are on urge or Crossover
📈 One can go for Breakout...
📊 Script: JINDALSTEL
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
Key highlights: 💡⚡
📈 Script is trading at its support level which is near 765.
📈 Script may take support at this level and bounce back from here.
📈 One can go for Swing Trade or a Positional Trade.
⏱️ C.M.P 📑💰- 808
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to...
Jindal steel looks like set for major breakout of 15+ years of 796.
As per wave count too it look set for a major wave.
Buy in the zone of 750-770 & add more above 800 for good targets of minimum 900 & much more in the coming months.
Stop loss should be anything below 750
Jindal Steel shows promise for a bullish swing, with a target set at 898 and a prudent stoploss at 838. Traders eyeing potential gains should monitor closely
Target given in the chart - SL 725
Fundamentals
Market Cap
₹ 85,585 Cr.
Current Price
₹ 839
High / Low
₹ 851 / 503
Stock P/E
15.4
Book Value
₹ 407
Dividend Yield
0.24 %
ROCE
14.2 %
ROE
10.6 %
Face Value
₹ 1.00
Price to book value
2.06
Intrinsic Value
₹ 518
PEG Ratio
0.34
Price to Sales
1.70
Debt
₹ 13,467 Cr.
Debt to equity
0.32
Int...
Hey Folks..!
I have marked all the important directional level for this year.
All the levels have the description, Bullish movements is expected in bullish range and Downside is expected in the bearish range.
Use the levels either Standalone or Club these levels with your existing trading style & strategy it will surely give you an edge.
If in case at any point...
Jindal Steel & Power broke the neckline of the cup pattern. It has been forming a cup pattern since 2010, and it almost took 14 years to reach 750 levels. Recently, it has broken the neckline or resistance level with fair volume. One more thing is that it is also nearing its all-time high of 796 levels. We may see either consolidation or retracement at all-time...
Hey Folks..! Hope you all had a great year and i wish you have a wonderful year ahead...
I have marked all the profit booking levels for the year, anyone who is holding any positions should be cautions at these levels...
In case you have a bullish view that treat these levels as a further breakout levels...
This analysis is my personal opinion and do not...
JINDALSTEEL DAILY CHART
Ellipse breakout @ 700 Target 810
This stock has witnessed an ellipse breakout @ 700 levels,Target projected is placed @ 810 level.
Its only an observation & not any suggestion.
