Multiple Chart patterns are in formation on Jindal steel. Stock price managed to close above 3 years high of Jan, 1st 2018. cup pattern formation is there on the chart as well as W formation on Monthly time frame. Short term target 350+ and long term targets 700.
Nifty is holding strong momentum as RSI closed above 60 on Daily charts. A minor Resistance could be faced around 11740 after which it can shoot up to around 11880 and probably It may test its previous high within this expiry.
