Crime Today News
The upmove in the stock of Jindal SAW is gaining momentum. The stock had surged about 7.5 per cent on Wednesday. This rise has taken the share price well above an intermediate resistance level of â¹518. The short-term outlook is bullish. Positive move average cross overs on the daily chart also strengthens the bullish case. Support will now be in the â¹518-â¹515 region which can now limit the downside.
Jindal SAW share price can go up to â¹590 over the next two-three weeks. Traders can go long now at around â¹534. Accumulate on dips at â¹524. Keep the stop-loss at â¹495 initially. Trail the stop-loss up to â¹545 as soon as the stock price goes up to â¹555. Move the stop-loss further up to â¹560 when the price touches â¹575. Exit the long positions at â¹590.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Crime Today News | Markets | Commodities | Forex | Stocks
Source | Powered by Yes Mom Hosting
Crime Today News Agency
