Can either fall or give a breakout,good stock to watch forIf it gives continuous rejection on the top then go for the short, if it gives breakout and sustains above the resistance for more 2-3 candles then enter long.
JINDALSTEL trade ideas
Jindal Steel at the breakout level : Good to buy above 204Jindal steel might be next metal stock after JSW steel which can give good gain in coming days as metals are performing well.
Currently trading at 202, if breaks 204 and sustains swing buy can be initiated. SL to kept at 196 for the target of 217 (gap border), 230 (trendline resistance).
