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ParamjitMahapatro

jindal steel looks bullish in short to medium term

Long
JINDAL STEEL & PWR (NSE:JINDALSTEL)  
ParamjitMahapatro Updated   
NSE:JINDALSTEL   JINDAL STEEL & PWR
Trend Analysis Supply and Demand Chart Patterns uptrend roundingbottom Bullish Patterns horizontalsupoort Bullish Divergence
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trendanalysis supplyanddemand chartpattern uptrend roundingbottom bullish horizontalsupoort bullishdivergence
In daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
snapshot
in weekly, BB is trending up and candles are sustaining above 20 ma,
snapshot

in longer time frame, round bottom forming here
snapshot

with sl - 150, 1st tgt - 177 2nd tgt - 208, long term tgt - 343



Trade active:
till now 183, 1st tgt already achieved here, price bounced smartly from the support, and moving up , BB is expanding here, sign of bullishness
snapshot
Trade active:
second tgt achieved here , cheers.
Comment:
it looks quite bullish in long term ,
snapshot

long term tgts upgraded to 462 then 614
Trade active:
till now 281.90, cheers.
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