Jindal steel and power looks good on daily chart by the closing basis break horizontal resistance trend line and closed above on that, some days back it breaks 200 days moving average and came down with very steel fall after so many days it managed to give a close above on it's 200 days moving average so the conclusion is this that we can see a sharp rally in this stock in coming sessions. Good risk to reward ratio.
Cause of long-:
1- Horizontal resistance trendline breakout.
2- Break 200 days moving average and closed above on that successfully.
Cause of long-:
1- Horizontal resistance trendline breakout.
2- Break 200 days moving average and closed above on that successfully.
Trade closed: target reached:
TRADING TARGET REACHED