The 2 resistance/support zones which became valid in January 2020 (before the pandemic fall) and the 'trend based fib extension' levels points that, Jindal Saw can grow more. Above 103, it can go up 8.54% ie till 111.8. Place the stop loss at 95.5.
Positive news attached : "Jindal Saw Ltd reported 30.43% yoy growth in consolidated revenues for the Mar-21 quarter at Rs3,783.85cr"
Trade closed: target reached
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Target reached between 9.15 - 9.17 AM, on June 1st 2021.