vikasbhekare

JSL looks bullish on a daily time frame

Long
NSE:JSL   JINDAL STAINLESS
JSL looks bullish and has been in an uptrend for a while. It has just reversed RSI from 40 on a daily time frame. RSI above 60 on weekly and monthly time frames. The volume has increased significantly in the last trading session. The price has just crossed the trend line but retraced back. It would be a good buy if the price breaks 480 levels with fair volume & retest it. We can achieve 1:3 risk-to-reward ratio. It may give a break out if trending upward. It will become weak below 440 levels.
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