This is the daily chart of Jindal Stainless (JSL).
JSL is currently trading near its resistance zone, while the RSI is sustaining above 69.This indicates strong momentum, and the stock may give a breakout this time.
JSL has a strong support zone in the 700–720 range.
If a breakout occurs, we may see higher prices in JSL.
For a safer trade, one can wait for a retest near the support zone before entering, which may provide a better risk-reward setup for capturing the upside move.
Thank You !!
JSL is currently trading near its resistance zone, while the RSI is sustaining above 69.This indicates strong momentum, and the stock may give a breakout this time.
JSL has a strong support zone in the 700–720 range.
If a breakout occurs, we may see higher prices in JSL.
For a safer trade, one can wait for a retest near the support zone before entering, which may provide a better risk-reward setup for capturing the upside move.
Thank You !!
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.