Long on jindal Steel

٢ أكتوبر ٢٠٢١

JINDALSTEL showing falling wedge pattern breakout . This stock will give upside move up to 500+ projected target in short term period. The MACD bullish crossover has taken place in oversold zone . The relative strength index above 50 has also given confirmation . Candle formation above 50day EMA
Watch out and keep an eye for initial targets of 440 with the stop loss of 370 which will act as a support on lower levels