#JSL Jindal Stainless, pennant pattern#JSL has given breakout from the upper trend line of the symmetrical triangle on Daily chart.
Good Volume.
Consolidation formed a pennant pattern and now BO.
Has already formed rounding bottom on Long Charts weekly/monthly
Near Term Target 110+
Potential Target 130+
SL- prev day low.
Note: not SEBI Registered. Nor any Recommendation. do your due diligence before taking trade.
Jindal Stainless Limited
No trades
In-depth trading ideas
JSL-Jindal stainless HOT CAKE breakoutAs other metal stocks are in higher price range due to earlier breakout but JSL's fresh breakout from all time high to give better risk to reward.
Fresh entry at all time breakout @95~100 , may go up to 150 in short period.
Details explain in chart.
Disclaimer: My 1st Position @ 72, 2nd added @88, 3rd : will add if retest 95~100 level.
JINDAL STEEL Positional ViewNSE:JINDALSTEL Levels are Mentioned in the chart... Look for Swing...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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