thakur000098

Long on jindal Steel

Long
NSE:JINDALSTEL   JINDAL STEEL & PWR
JINDALSTEL showing falling wedge pattern breakout . This stock will give upside move up to 500+ projected target in short term period. The MACD bullish crossover has taken place in oversold zone . The relative strength index above 50 has also given confirmation . Candle formation above 50day EMA
Watch out and keep an eye for initial targets of 440 with the stop loss of 370 which will act as a support on lower levels
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.