POSITIONAL : EXPECTING A BOUNCE IN JINDAL STEEL AND POWER

7.11.2019

JINDAL IS CURRENTLY ON 1 MONTH SUPPORT. IT IS FORMING A TREND REVERSAL PATTERN AND AT THE SAME TIME 3 WEEKS IS ALREADY TOUCHED 2 TIMES. SO IT IS EXPECTED TO BREAK 3 WEEKS AND COME DOWN TO 1 WEEK SUPPORT AND THEN BOUNCE TILL THE FIRST TARGET. CURRENTLY RB TREND IS NEG AND CORE STRENGTH IS 3 WEEKS. IN LOWER TIME FRAMES ALL CONF NEG HAVE TURNED NEUTRAL AND AFTER TAKING SUPPORT FROM A WEEKLY SUPPORT IT IS EXPECTED TO BOUNCE.

CURRENT PRICE : 130
CORE STRENGTH : 3 WEEKS

TARGET 1 : 281
TARGET 2 : 345
TARGET 3 : 475
BUMPER TARGET : 690

PROBABILITY : 90%
EXPECTED TIME OF OCCURRENCE : 9 MONTHS - 1 YEAR