Wave (3) Breakout in JSL? Here's How We Saw It Coming!
Aug 05, 2025
When we combining Wave Theory along with price action does it help us in forming powerful setups?
When we combining Wave Theory along with price action does it help us in forming powerful setups?
Check out how we select momentum stocks which was published in “Vayu Momentum Report” which our subscribers receive pre-market. Jindal Stainless is about to start wave (3) on the upside. See the detail analysis below:
Jindal Stainless Ltd Daily Chart Anticipated as on 01st August 2025
Jindal Stainless Ltd Daily Chart Happened as on 05th August 2025
Anticipated Wave analysis as on 01st August 2025.
In the previous session, Jindal Stainless Ltd managed to outshine its sector and surged by nearly 2% which is a strong bullish sign. On the daily chart, prices have seen moving in accordance with its upward sloping trendline since April 2025. On 28th July prices found support of the same and since then prices have managed to protect its prior day’s low on closing basis which indicates shift in sentiments towards the bullish side. As of now, a break above its previous swing high of 704 levels can further boost positive momentum in the stock. Along with this, we have applied MACD to gauge the price action. Wherein, it is about to witness a bullish crossover which can act as a double confirmation for our stance.
As per the wave perspective, the entire correction post completion of Primary wave (1) in June 2025 has been unfolding in the form of Primary wave (2). For now, a decisive break above 704 levels can confirm completion of wave (2) on the downside and post which the rise will be in the form of Primary wave (3).
In a nutshell, the current trend for Jindal Stainless has shifted on the bullish side. A break above its previous swing high of 704 levels can lead to a trending move towards 735 followed by 750 levels. On the downside, 675 levels remains the nearest support for this stock.
Trading Strategy for Futures- Long positions can be created above 706 levels with the stoploss of 690 and target of 740 levels. (One can book partial profit near 715-720 levels and trail stoploss to cost.)
Trading Strategy for Options- Buy JSL 28th AUG 700 CALL if futures break above 706 and for risk reward refer above futures strategy.
Happened as on 05th August 2025:
Jindal Stainless has been in sync with our expectations and BANG ON! After breaking above its previous swing high of 704 levels, the stock managed to surge by more than 4% in just 2 days when majority indices were falling and in today’s session prices achieved our target 1 of 735 levels in cash segment. Also, we successfully managed to capture our given targets in futures and options segment as well.
It is fascinating to see how accurately Wave theory along with simple price action can help to predict price targets with high accuracy.
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