Firstly, the 7 year trendline, form 2014
Secondly, the 5 year trendline from 2016 (diagonal one)
Thirdly, the one year . from 2020 (THE THINNER LINE)
Volumes too are favorable.
is a bit high, hence retracement can be seen soon till 103-104
I would suggest going long on Jindal SAW for a swing trade. Levels are mentioned below.
Entry: Around 104 after retracement
Target 1: 122-123
Target 2: 140-141 ( used)
TRAIL STOP LOSS
According to , the stock has broken the major resistance of 102, and is ready to move upwards in coming weeks.
FOLLOW IF YOU LIKE IT.