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 & 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
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 :)
JINDALSTEELNSE:JINDALSTEL
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