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Short JINDALSTEL belwo 169
H&S Break out in the past Weeks and a confirmed uptrend & price cross over.
Now headed towards Golden cross over
Jindal stel has a breakout of inverted head and shoulder pattern. it retraced to support and bounced back. A long at this point seems safe. keep SL on 125
Jindal Steel has been trading uptrend and has retraced up to 38% of fibolevel we may see the stock to upward from this level up to 192 in short term.
It has been observed that JINDALSTEL is double top break down, indicators are negative watch near retest, it can reach the target of 100 stop loss 119
Jindal Steel's steep rising seems to be fading, it closed today forming a shooting star pattern confirming retracement. the stock may retrace up to 117 in coming days.