There is a clear breakout from the downtrend in the hourly chart of JSPL. I am going to take a chance and go long. The SL should be according to the risk taking capacity but I think targets of around 950 / 960 in short term. #Educational purpose only
Jindal steel and power price at the pervious all time high level this is resistance. And 490 is the support
BUY JSPL @284 SL 270 TGT 310/325 It has pivot breakout on the daily chart at 276 TK cross over at 266 on 30 min chart. MACD cross over indicates favorable buy. GO long with 5-7 days TGT and book in the range 310-325.
Intraday Cash Buy JINDALSTEL @ 198-198.30 SL 194.30 TGT 206
Intraday Cash Buy JINDALSTEL @183.85-184.85 SL 181.7 TGT 191 Above VWAP + TK cross over + MACD cross over => Bullish moment on shorter term