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
JINDALSTELF2025 trade ideas
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.
