The 2 resistance/support zones which became valid in January 2020 (before the pandemic fall) and the 'trend based fib extension' levels points that, Jindal Saw can grow more. Above 103, it can go up 8.54% ie till 111.8. Place the stop loss at 95.5.
Positive news attached : "Jindal Saw Ltd reported 30.43% yoy growth in consolidated revenues for the Mar-21 quarter...
🙄😲😳🥺🤓👁👀 keep open and don't think to short without conformation. all levels mentioned keep adding few quantities after each breakout and if break any support book it.
******whatever charts or levels sharing here are just for educational purpose only not a...
Note: This is for educational purpose only.
There seems to be a Bullish Engulfing of last 3 sessions. The same is reflected in Volume as well. RSI beyond 70 indicates Bullish momentum. However, there will be a sideways movement before further upmove.
Stock's (20, 50)MA crossover done at 205 levels. This sector will benefit from India Govt's PLI Scheme.
*IMPORTANT LEVELS to WATCH*
Entry @ CMP or buy on dips
Target1 @ 230| Target2 @ 260
Demand Zone @ 205
Good Luck Investors❗