Jindal Steel – Triangle Breakout. Can give a sharp upmove.

jindalsteel

 

Jindal Steel

After yesterdays Hindalco post this is another metal stock which seems to be giving out a triangle breakout.

 

Stock can get into a momentum move above 250 which it has done today and target 265-280 and even 320 also in medium term if it continues.

 

Stoploss to be placed at 244.

 

Do fill your views on this Poll on Where Nifty is headed?

https://nooreshtech.co.in/2013/11/nifty-su-lage-che.html

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Thanks and Regards,

Nooresh Merani

www.analyseindia.com

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