Technical view by Nooresh

Jindal Steel – Triangle Breakout. Can give a sharp upmove.



Jindal Steel

After yesterdays Hindalco post this is another metal stock which seems to be giving out a triangle breakout.


Stock can get into a momentum move above 250 which it has done today and target 265-280 and even 320 also in medium term if it continues.


Stoploss to be placed at 244.


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