thestockengineer

JINDAL STEEL TO STEAL THE SHOW ⚙️⚡

Long
NSE:JINDALSTEL   JINDAL STEEL & PWR
Reasons for strong buy
1. Elliot motive wave 5 formation ahead
2. MACD Bullish hidden divergence
3. Darvas box breakout ahead

CMP - 396
BUY above 412
Early Target - 432
Swing Target 1 - 432 /445 /500
Target 2 - 546/560
Stoploss - 380

Elliot motive wave rules
1.wave 3 shouldn't be the shortest amont wave 1,3,5
2. wave 4 should not overlap with wave 1
3. wave 2 should not break below wave 1

Check these successful trades & approach on Britannia , Mothersumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , HindZINC given below

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