NSE:JINDALSTEL   JINDAL STEEL & PWR
From LH and LL we suddenly see Stopping Volume and we enter into a Side Ways Trading Zone . We see Huge Spread and Volume -- thats Institutional Buying ( Prelim Support - PS ) . We see the Selling Climax . SC . We see the easy Auto Rally . AR . The AR as expected cannot take us to a new High however it takes us to high of the PS Bar. THAT is a critical Bar . After AR as expected Volatility ( Volumes ) are lower BUT we see atleast a HL . A HL is a definite 100% evidence of CHANGE of Character . Instead of LL we hav seen a HL , WOW ! . The Demand Bar has now appeared .. Supply has tired a bit. DEMAND m has not yet overwhelmed Supply but atleast it is seeking parity... WE DONT enter the trade yet . We are waiting for several Secondary Tests down almost to SC levels . IF Lows are higher than SC then we will know Demand is winning out . IF upon approaching the Current RESISTANCE of new TR Down Bars are large with Volumes ---- Weakness resumes . We need to see STs and also Springs . We Can even trade Springs.. SO Time has not yet arrived to trade this.

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