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JSPL TRADE VIEW

Long
NSE:JINDALSTEL   JINDAL STEEL & PWR
STOCK HAS SEEN HEAVY PROFIT BOOKING TODAY
BUT AFTER POSTING GOOD RESULTS AND HOLDING
ON TO TECHNICAL LEVELS I SUGGEST A BUY
BUY IN MAY FUTURES /JUNE FUTURES
BUY @244
STOP @237
TARGET 1 @253 (SWING TRADE)
TARGET 2 @260 (MAY POSITIONAL TRADE)
TARGET 3 @271 (JUNE POSITIONAL TRADE)
LOT:2250
SUGGESTED 2 LOTS
STOCK IS CURRENTLY HOLDING ON TO MOVING AVERAGE
OF 50/ 100-DMA
Comment: STOP IS BELOW 237
Trade closed: target reached: 1ST TARGET HIT
PROFIT AS PER TRADE GIVEN IS 40.5K

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