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skandha1986

JINDALSTEL: Cup n Handle breakout – 9% upside potential

Long
JINDAL STEEL & PWR (NSE:JINDALSTEL)  
skandha1986  
NSE:JINDALSTEL   JINDAL STEEL & PWR
Technical Indicators Trend Analysis Chart Patterns
6
0
indicator trendanalysis chartpattern
JINDALSTEL has formed Cup n Handle pattern and looking to breakout the resistance levels of 795-800 range. This is also it’s ATH resistance level. This is good long indication if the stock gives daily candle close above 800.

The immediate target is coming to 870.

However as this is looking to break more than 13 yrs old resistance level, this looks well poised for more upside in coming weeks/months.

SL: Daily close below 790.
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