Jindal Steel (CMP: 207.4) : The stock has tested the trend line support level & bounced back with reversal candle which indicates bullish reversal. Now the stock is heading towards 227 - 240 levels. On the weekly chart; the RSI indicator has showed a multiple leg of positive divergence with its price, which is the sign of strength.
Recommendation: Traders can buy at CMP (207.4) to 201 levels for the target of 227 - 240 levels with the stop loss of 189.
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