Trendxinc

JSL TO CONTINUE IT'S JOURNEY

Long
NSE:JSL   JINDAL STAINLESS
JSL hit its all-time high yesterday, surpassing its previous peak.

It bounced from its 20 EMA support, with RSI moving up alongside the price and MACD showing a bullish crossover on the daily timeframe.

The price target is 755, with further potential to rally to 764 - 776. Buying is recommended above 719, with a stop-loss below 690 on a daily close basis.

Holding duration is 2 - 3 days, and the trade should be skipped if prices open with a gap up or down.

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