Stock Name - Jindal Stainless (hisar) Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 433
#This is not Buy and Sell recommendation to any one. This is...
It appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137
It is showing signs of completion of a sideways corrective near its Kumo support. If it holds 357 on hourly basis it could retest 400, sustaining above it could take it till 450.
Only weekly time frame its attempting a break above Kumo resistance at 915. If it manages do break and sustain above it on weekly closing basis then it could continue its rally towards 1050/1200. View negates on hourly close below 894
