Jindal Steel and Power gave a breakout from flag pattern on weekly chart, prior to this breakout the stock has successfully retested its earlier breakout from Feb 2015 high. Taking into account, the stock may resume uptrend, pattern would fail below 240.
The stock broke out of four year range few months back, and retracement of the move seems to be completed. The stock price has now broke out an inverted head and shoulder pattern and may resume the uptrend. Pattern would fail if price closes below 180
Trying to analyze Bata on P & F chart, and it gave a nice Buy signal out of Triple- Top and also an Inverted Head & Shoulder pattern. If by close it holds the breakout, then stock could retest previous highs.
The stock gave a gap up three days back and help on the gap which now working as support. The stock is expected to test previous highs and GAP should act as support, any pull back should be using as buying oppurtunity