JINDAL STEEL AND POWER FORGING AHEAD
With the overall metal sector giving a breakout on the charts, a few stocks are lagging behind and a few are fueling the rally and one among them is JINDAL STEEL & POWER ,the stock had earlier rallied with the metal sector and after a wide range low volume consolidation of about 10 months the stock has given a breakout ,it is not suggested to immediately jump into the stock ,instead wait for a potential retest/pullback around 475/500 levels as the RSI has entered the overbought zone . the medium to long term targets could be 550/600/700
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.