According to bullish three drives pattern nifty indicating reversal of previous downtrend. Today we got the breakout of its resistance trend line if nifty sustain above this level one more trading session then we will get confirmation about the uptrend in market. According to pattern there was a good entry near 14150 level. It was also 100 Day's EMA level...
Jindal Steel may fall from the current level, immediate resistance and support levels are 167 & 162 respectively.
all levels are mentioned on the charts , take a wise decision of nifty on that basis .
the stock i personally feel bearish but yet just to mention levels and to remember them placing the idea here so as i can revisit and keep a check of what is going right and vice versa!