Jindal Steel (Daily Frame):
Pattern: Inverse H&S breakout with neckline retest (~₹995–1000).
Missed factor: Earlier breakout high ₹1021.75 (nearby resistance).
Plan:
Bullish above ₹1021.75 → Targets: ₹1050 / ₹1070–1075 / ₹1100.
Retest watch near ₹995–1000 only if it holds; SL below ₹985–990.
Invalidation: Daily close <₹1000. (metal index too at verge of breakout)
Pattern: Inverse H&S breakout with neckline retest (~₹995–1000).
Missed factor: Earlier breakout high ₹1021.75 (nearby resistance).
Plan:
Bullish above ₹1021.75 → Targets: ₹1050 / ₹1070–1075 / ₹1100.
Retest watch near ₹995–1000 only if it holds; SL below ₹985–990.
Invalidation: Daily close <₹1000. (metal index too at verge of breakout)
Trade active
exactly taken resistance of 1021.75 levels high on 20.08.2025 is 1022... watching closely.Trade closed: target reached
SL triggered
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.