Jindal Steel and pwr Breakout Trade
Updated
There has been a breakout through the Resistance line (Yellow line)
There is good , higher than average volume on breakout
There is rise in ATR on and after breakout
Steep Rising RSI Crossing over to OB zone is indicating good momentum
Tgt = 662
SL = 599
There is good , higher than average volume on breakout
There is rise in ATR on and after breakout
Steep Rising RSI Crossing over to OB zone is indicating good momentum
Tgt = 662
SL = 599
Note
This trade can be loosened to provide space for volatility and retest,So keep SL at 589
Trade closed: target reached
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