TheWizardsZone

Jindal Steel: On verge of a Major Breakout

Long
NSE:JINDALSTEL   JINDAL STEEL & PWR
We may be under the impression that Jinal Steel and Power has rallied enough as it has reclaimed the highs of 2017-2018. However, if we look at the long term charts it is on the verge of a 5 year breakout. It can do 550+ on a positional long trade. Stop loss if it closes below 21 EMA on closing basis.

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