jindalsaw has retest its breakout level in 4hr chart and probably ready to move upside till 96/99.5. view negated below 86
IN JINDAL SAW LTD THERE IS A CHANCE FOR TAKING SOME PROFITS . it will get the target of 100 so watch carefully and enter in a perfect position and catch some points
Trading on perfect channel in weekly timeframe. Breakout vlabove green line will trigger buy with Target as black line and blue line SL red line
Support & Resistance Low Risk High Return
jindal saw has been given breakout with good voloume and will be reached 70,76,81 with sl 60.
there has been a significant show of weakness specially at the face of rising crude, which is bullish for the company fundamentals... The street has discounted a flat quarter for the q4, as well as the pellet business... lets see if they financials are there in for a decent surprise...
Disclaimer.. invested, this is not an investing/trading recommendation, just for a technical self-reference
8-Feb-18: Jindal saw: will it support Cypher patter ?
JINDAL SAW to MOVE UP - Results Coming Soon SL=61.00 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!