ATTACHED DAILY AND MONTHLY CHART OF JINDAL SAW SHOWS INTERESTING PATTERN.
MONTHLY CHART SHOWS A BIG ENGULFING BULLISH CANDLESTICK AFTER THE STOCK BOUNCED FROM STRONG SUPPORT AT 108-109 WHICH HAS TWICE EARLIER PROVIDED GOOD SUPPORT.
DAILY CHART SHOWS HIGHER TOP AND HIGHER BOTTOM FORMATION.
COMMENTS ON CHARTS.
COMING TO TECHNICAL CALL ON JINDAL SAW, ONE CAN BUY AT CMP 128 AND ON DECLINES WITH A STRICT STOP LOSS OF 115 AND TARGETS OF 155-170 AND 185 BASED ON RETRACEMENT LEVELS.
