Jindal Steel fell more than 10% in last 3 trading sessions. Sometimes the application of classical simple price action technical analysis techniques can help us. Though the high conviction comes up with the combination of advanced [P] Square Elliot Waves methods.

In Jindal steel at initial stages fatigue was seen below 162.50. Further, the stock broke below key trend line support of 159 levels. Thus, there was a great opportunity to trade the stock with simple price action techniques for traders. They could have traded the stock on the short side to profit more than 10% in mere 3 trading sessions.



The short trade setup got triggered in the range of 159-162 with stop loss above 166.10 for a price target of 143 – 145.

Trade Setup:

Short Range = 159-162

Stop loss = 166.10

Targets = 143-145



Therefore, charts hinted STAR trade setup with low risk high reward ratio ready to be captured. We were able to capture the trade with high conviction and by application of simple techniques. But, the key here is to be objective and an appropriate risk and money management to be successful.

To unlock STAR trading opportunities join our Traderz Hut community. Learn, Earn & Prosper advanced [P] Square Elliot Wave Strategies, Multi-bagger Option Strategies and Day & Swing Trading Strategies with Raju Angadi Vishwanath, MS, CFTe.

Join our Master Trader Mentorhsip (MTM) – Program next month July 2019 and our exclusive Online Live Trading Room (LEAP) for 1-yearACT now Slack & Telegram group for free.

Learn both basic and advanced real-time strategies with live mentoring and trade live with the mentor same strategies for 1-year. We at TRADERZ HUT will hand hold you in your journey towards financial freedom.

Thus for more details, contact us on traderzhut@gmail.com or call us on +91 78291 55900

Are you unable to make money consistently in day trading?
Here is the solution 5 –simple steps to become a successful Day Trader Learn Earn and Prosper – LEAP: A gateway towards your trading success.
Come join us The Day Trader Workshop and unearth 5 - simple steps Day trading secrets.
FREE WEBINAR by Raju Angadi Vishwanth, MS, CFTe.
Seats are limited, Register now!