Jindal Saw Ltd has shown a strong bounce from the ₹200–₹202 support zone after multiple tests. Today’s breakout candle above ₹227 is accompanied by higher volume, indicating potential trend reversal.
🔹 Previous structure: Prolonged downtrend
🔹 Structure shift: Higher low formed, followed by a breakout
🔹 Immediate Resistance: ₹240–₹245
🔹 If sustains above ₹227, move toward ₹260–₹280 possible in coming weeks
RSI also crossed 50 mark with momentum, supporting bullish sentiment.
🔎 Trade Setup (for study only):
• Entry: ₹231.90
• SL: ₹220 (below previous swing)
• Target 1: ₹245
• Target 2: ₹260
Disclaimer:
This analysis is for educational purposes only. This is not investment advice. Please consult with a financial advisor before making any trading decisions. Always do your own research.
🔹 Previous structure: Prolonged downtrend
🔹 Structure shift: Higher low formed, followed by a breakout
🔹 Immediate Resistance: ₹240–₹245
🔹 If sustains above ₹227, move toward ₹260–₹280 possible in coming weeks
RSI also crossed 50 mark with momentum, supporting bullish sentiment.
🔎 Trade Setup (for study only):
• Entry: ₹231.90
• SL: ₹220 (below previous swing)
• Target 1: ₹245
• Target 2: ₹260
Disclaimer:
This analysis is for educational purposes only. This is not investment advice. Please consult with a financial advisor before making any trading decisions. Always do your own research.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.