Hi friends, look at Jindal Steel and Power (JSPL). As per weekly chart it has a DZ around 320.4-340.4, CMP 346, stop loss is little big. Yet it is now looking interesting even in current market price, look at it's Daily chart, RSI is turning back from it's over sold zone, and also price action in daily chart is "Trading at daily DZ". I am not going to speculating what broader market will do, but JINDALSTEL (JSPL) is really interesting. Risk averse traders can pull up their stop loss as per daily chart 337 is well enough. Happy trading.
Hi friends, Trader's Community is created for Indian Stock Market, completely based on Technical Analysis, purpose of this blog is to help traders, all kind of comment, suggestion, criticism are welcome because all these may help me to analyze better and may help traders too, and I wish to thank all my readers and followers.
Thursday, March 7, 2013
Tuesday, February 19, 2013
JINDAL STEEL & POWER (JSPL) : A very good opprtunity to make money.
Hi friends, hope you have enjoyed last week my view on Nifty, though other two views also there, it will take time to get a good return if it won't stopped out, at least for a month one should hold the longs... Well this time again come out with almost same idea, and for same time frame (1 month). JINDALSTEL (JSPL) has a good demand zone on its weekly chart of 365-375, cmp 376.75, SL 363 tgt 452, 505.. Enjoy the trading.....
Thursday, February 14, 2013
BHARTIARTL: The new Valentine, can hold its hand with pleasure.
Hi friends, again come out with BHARTIARTL, but please don't say I am going bias! It is really good one, after 5th August 2011 it was continuously trading in a negative bias, and after a long long down trend it has finally come out with Higher High -Higher Low formation on its weekly chart, which means we may have a got probable reversal on its trend. And now it is trading at its higher swing low (weekly demand zone of 299.55-309), it closed on 14th February @ 311.7. Very frankly BHARTIARTL is my new valentine unless and until it break 299, if it able to hold 299 in current market scenario 362 and 402 is just a matter of time. You too congratulation for new valentine.
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