Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels.
Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term.
Mutual funds raised their stakes recently. Quarterly results are promising as well.
Hi sir, I might be wrong but I think that volumes don't have that much strength to give a breakout.. I'm new to this and might be wrong..
harshagarwal07
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@anubhuti2211, Well it was 60:40 or 70:30 in favour of Jindal. But Metal sector looks well set to rally in next 1-2 years due to major govt push in infrastructure. Finally the breakout has happened. Also have a look at my latest analysis on SAIL.
anubhuti2211
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Yes sir it made a beautiful breakout.. will check on SAIL too.. Thank you🙏
I'm new to this and might be wrong..