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ssshaktawat

Jindal Steel Bullish Outlook

Long
JINDAL STEEL & PWR (NSE:JINDALSTEL)  
ssshaktawat Updated   
NSE:JINDALSTEL   JINDAL STEEL & PWR
Trend Analysis
2
1
trendanalysis
Jindal steel chart is showing a bullish engulfing candle.
The candle has crossed the 100 DEMA with good volume.
RSI too is trending at 68.
A closing above 408 can give an upward move of about 10%.
Comment:
T1 acting as resistance. With good volume and trending RSI it may achieve T2.
Trailing SL 435.
Comment:
Target 3 is 552
and Target 4 is 577
Trailing SL on DCB 490
Comment:
For Target 4 the trailing SL 505
Comment:
To ride with a TSL of 565
Comment:
TSL 665-670
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