Jindal stainless steel-Bullish Swing- Is this reversal signal???
Updated
12.08.2024
Buy 694
Target 807
Stop Loss 616
Risk Reward- 1:1.5
1. Inside bar breakout
2. Price rejection from both parallel and horizontal support zone
3. Double bottom formation.
4. RSI from over sold to normal bullish level(40)
5. Good increasing volumes in bullish movement
6. Price rejection from 0.618 Fibonacci level
7. 200 EMA Rejection
JINDALSTEL Trade active
Already Stock has delivered 8% in just 5 days. There is still room for growth. Safe players can exit with profitsTrade closed: target reached
Almost reached target
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