1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Jindal Steel and Power looks good

Discussion in 'Technical Analysis' started by naveen1241, May 26, 2014.

  1. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    JSPL on weekly charts is on the verge of a breakout it seems. Keep a watch.
    SL could be 270 levels.

    Thanks
    Naveen
     
    naveen1241, May 26, 2014
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Don't see any pattern though in daily charts but weekly chart looks really good with support of 240
     
    shabbir, May 26, 2014
    Share #2
  3. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Hi All,

    Jindal Steel has got a fair start in the right direction. What are your opinions ?
    Hope this sustains. At this point I'm somewhat too much exposed to the stock.

    Thanks
    Naveen
     
    naveen1241, May 27, 2014
    Share #3
  4. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Hi All,

    Jindal Steel has got a fair start in the right direction. What are your opinions ?
    Hope this sustains. At this point I'm somewhat too much exposed to the stock.

    Thanks
    Naveen
     
    naveen1241, May 27, 2014
    Share #4
  5. shwetagnema

    shwetagnema Active Member

    Joined:
    Jun 24, 2012
    Messages:
    252
    Likes Received:
    40
    Occupation:
    House wife
    it's a breakout and good sign but SL is too steep. so i would wait and watch.
     
    shwetagnema, May 28, 2014
    Share #5
    shabbir likes this.
  6. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    How's Jindal Steel now ?

    Thanks
    Naveen
     
    naveen1241, Jun 3, 2014
    Share #6
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Looks good to me.
     
    shabbir, Jun 4, 2014
    Share #7
  8. naveen1241

    naveen1241 Responder

    Joined:
    Jul 11, 2012
    Messages:
    292
    Likes Received:
    52
    Hi All
    What could be SL and targets ?

    Thanks
    Naveen
     
    naveen1241, Jun 4, 2014
    Share #8
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I would keep stop loss as 295ish and target of 40 Rs above the CMP
     
    shabbir, Jun 5, 2014
    Share #9