JSL trade ideas
Jindal stainless Is at major breakout positionFrom the graph it is clear that JSL faces a big resistance of its 52 weak high 168.40.
JSL perform in channel also from few weak. Here is high probability for JSL to give breakout of level 168.40 and form new high in this weak.
So here go for long position aftet breakout confirmed and hold your position some day.
jindal stainless, rising cycle has startedmetal sectors are cyclic in nature, jindal stainless chart is indicating that it has completed its downward cycle and entering into upward trend (see the downward and upward blocks). this is monthly chart so positions should be taken for long term. if goes down then take entry around 48, if remains above 59 then take entry at cmp for short term target of 69 and long term 100.