Jindal Steel & PWR InvestingJindal 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+
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-Saptarish Trading
JINDALSTEL trade ideas
Double Moving Averages Crossover Swing Trade📊 Script: JINDALSTEL
📊 Nifty50 Stock: NO
📊 Sector: Steel
📊 Industry: Steel - Sponge Iron
⏱️ C.M.P 📑💰- 849
🟢 Target 🎯🏆 - 890
⚠️ Stoploss ☠️🚫 - 825
📊 Script: VTL
📊 Nifty50 Stock: NO
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
⏱️ C.M.P 📑💰- 442
🟢 Target 🎯🏆 - 472
⚠️ Stoploss ☠️🚫 - 425
📊 Script: JSWENERGY
📊 Nifty50 Stock: NO
📊 Sector: Power Generation & Distribution
📊 Industry: Power Generation And Supply
⏱️ C.M.P 📑💰- 528
🟢 Target 🎯🏆 - 561
⚠️ Stoploss ☠️🚫 - 511
📊 Script: NYKAA
📊 Nifty50 Stock: NO
📊 Sector: E-Commerce/App based Aggregator
📊 Industry: Trading
⏱️ C.M.P 📑💰- 161
🟢 Target 🎯🏆 - 173
⚠️ Stoploss ☠️🚫 - 155
📊 Script: SUNPHARMA
📊 Nifty50 Stock: YES
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 1620
🟢 Target 🎯🏆 - 1692
⚠️ Stoploss ☠️🚫 - 1590
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Just A View - Channel Breakout Soon - JINDALSTEL📊 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 Swing Trade only above 860.
📈 One can take risky trade of 30 points also as breakout is above 860.
⏱️ C.M.P 📑💰- 837
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
At Support - JINDALSTEL📊 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 never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Jindal Steel multi year breakout incomingJindal 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 & Power LtdTarget 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 Coverage
5.49
Reserves
₹ 41,401 Cr.
Promoter holding
61.2 %
Pledged percentage
12.9 %
EPS last year
₹ 31.1
Net CF
₹ 757 Cr.
Price to Cash Flow
11.8
Free Cash Flow
₹ 873 Cr.
OPM last year
18.7 %
Return on assets
6.75 %
Industry PE
18.0
Sales growth
-5.86 %
EXPECTED IMPORTANT DIRECTIONAL LEVELS FOR THE YEARHey 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 of time JINDAL STEEL & POWER goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges / Green ranges.
All the Best Folks ! Stay tuned for updates.
JINDALSTEL broke the neckline but not all-time highJindal 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 high levels.
The monthly, weekly and daily relative strength index is above 60. The volume is increasing. If it retraces near 750 levels, it would be a good entry point with previous low stop loss. If you measure the depth of the cup and put it above the neckline, that would target 1500 levels.
Expected Profit booking levels for the positional playersHey 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 consider as an investment advice.
Descending Triangle breakdown in JINDALSTELJINDAL STEEL & PWR
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Descending Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 645-.
✅Can Go short in this stock by placing a stop loss above 690+.