Double bottom pattern is under formation in Jindal steel.
The 2 identical bottoms noticed in 1-month gap.
High volume noticed around 2nd bottom (B) The price started moving upwards and now near point ‘C’ with higher volume.
Long position may be initiated above Rs.114.6
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Stock Ticker – NSE: JINDALSTEL – Jindal Steel & Power Ltd. – METALS
Bullish Trade plan:
Entry Level 114.6 Target 137.7 Stoploss 91.5
Analyst Rating – :4/5
View Posted on 2019-10-29