TradingSutra

Jindal Steel: Ready for another impulse

Long
NSE:JINDALSTEL   JINDAL STEEL & PWR
Sock has already concluded a complex corrective structure at 24-Jan'24 low of 688 zone and started bouncing back. This suggests that stock is likely to move towards it's resistance zone of 756-760 in the coming days. Breaking above the resistance zone will lead it towards 800-820 zone over the weeks ahead.

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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