Broken out past one year “down sloping”
The stock has observed shift of trend as it has decisively broken out past one year “down sloping” channel at 450 levels
This buying momentum was observed from its 20, 50, 100 and 200 day SMA which reconfirms bullish sentiments
The daily and weekly “band bollinger” Jindal Steel & Power Limited buy signals increased momentum to the upside
Rising volumes on this rally signals increased participation at lower levels
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
The above analysis indicate an upside of 510-525 levels
This buying momentum was observed from its 20, 50, 100 and 200 day SMA which reconfirms bullish sentiments
The daily and weekly “band bollinger” Jindal Steel & Power Limited buy signals increased momentum to the upside
Rising volumes on this rally signals increased participation at lower levels
The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
The above analysis indicate an upside of 510-525 levels
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