yossarian121

JSPL - overbought. Long caution

Short
yossarian121 Updated   
NSE:JINDALSTEL   JINDAL STEEL & PWR
JSPL has doubled since its july low. Risk reward is poor on fresh longs
Longs might want to exercise caution here. More of a long exit than shorts
For buyers, better levels should emerge with time
Trade closed manually:
Stock corrected from around 600 towards 530. CMP around 560
Short view closed
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