Jindal Steel Bullish Outlook

Jindal steel chart is showing a bullish engulfing candle.
The candle has crossed the 100 DEMA with good volume.
RSI too is trending at 68.
A closing above 408 can give an upward move of about 10%.

Commento:

T1 acting as resistance. With good volume and trending RSI it may achieve T2.
Trailing SL 435.

Commento:

Target 3 is 552
and Target 4 is 577
Trailing SL on DCB 490

Commento:

For Target 4 the trailing SL 505

Commento:

To ride with a TSL of 565

Commento:

TSL 665-670