Short Term Trade Jindal Steel & Pwr
Updated
Price has formed a bottom at 580, and a V shaped recovery is seen.
The level of 661 has been tested multiple times , in the last month
A small head and shoulder pattern is also formed with 661 as neckline
Now there is a breakout through this level
High vol on breakout candle is visible
Also, atr can be seen rising on and after breakout
Thus, there is a short term trade
sl 650
tgt 693
The level of 661 has been tested multiple times , in the last month
A small head and shoulder pattern is also formed with 661 as neckline
Now there is a breakout through this level
High vol on breakout candle is visible
Also, atr can be seen rising on and after breakout
Thus, there is a short term trade
sl 650
tgt 693
Trade closed: target reached
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