JINDALSTEL: Cup n Handle breakout – 9% upside potential

JINDALSTEL has formed Cup n Handle pattern and looking to breakout the resistance levels of 795-800 range. This is also it’s ATH resistance level. This is good long indication if the stock gives daily candle close above 800.

The immediate target is coming to 870.

However as this is looking to break more than 13 yrs old resistance level, this looks well poised for more upside in coming weeks/months.

SL: Daily close below 790.