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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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The current price of JINDAL STEEL & PWR FUTURES is 872.40 INR — it has fallen −2.49% 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 6.25 K. 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 18.75 K. 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.