JINDAL STEEL GANN Analysis

STOCK MARKETS 1 Minute

JINDAL STEEL
The stock has been in a downtrend since the month of MAY
After hitting the High of 501.70 on 10th of MAY. Currently setup is still week but after looking the Larger structure not much comfortable to go short on it
So better to wait for a Breakout to enter a Long Trade. The first sign of strength is visible above 425 on cash
And the Golden Pattern breakout is placed above 436 for the Pattern Targets of 462 and 489 Positionally. Undoubtedly it is retesting the Highs of 501.70 in coming weeks. The zone of 501 to 520 would be challenging. But once this range breaks it would get ready to test 700 in medium term according to the Harmonic Structure. It has a similar pattern like JSW STEEL
Extremely bullish on both the Stocks For medium to long term. Recently JINDAL STEEL squared out Price and Time
Coming days would be intresting to watch. 375 is an Immediate support in near term keep an eye on it. Keep the Figures in mind and act on signal when available. After Price next would be TIME. To keep the process standard sharing 7 TIME CYCLE dates for this stock’ starting from 28th July followed by 9th Aug,13th of Aug,20th of Aug,24th Aug,8th of Sep and 13th of Sep 2021.

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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