JINDAL STEEL LTD ANALYSIS

FOR LEARNING PURPOSE

JINDAL STEEL LTD- The current price of JINDAL STEEL LTD is 1076.50 rupees
I am going to buy this stock because of the reasons as follows-

1. Its making 52W high with some good volume (sign of strength)

2. It got a great buying force and moved up by 250% in 2022-2023 (which shows smart money)

3. It is showing better relative strength as it stood strong in volatile times including last few weeks.

4. The risk and reward is favourable. The good part- The stock is not extended.

5. The stock can be a good turnaround story if it does great in coming time.

6. The stock has got a good catalyst and that is- Promoters have increased their stake in this stock.

7. Another good part- The sector is looking bullish. Metal sector is on the verge of making ATH

I am expecting more from this in coming weeks
I will buy it with minimum target of 35-40% and then will trail after that.
My SL is at 938.45 rupees
I will be managing my risk.