Thursday, March 7, 2013

"Jindal Steel & Power" in interesting zone.

Hi friends, look at Jindal Steel and Power (JSPL). As per weekly chart it has a DZ around 320.4-340.4, CMP 346, stop loss is little big. Yet it is now looking interesting even in current market price, look at it's Daily chart, RSI is turning back from it's over sold zone, and also price action in daily chart is "Trading at daily DZ". I am not going to speculating what broader market will do, but JINDALSTEL (JSPL) is really interesting. Risk averse traders can pull up their stop loss as per daily chart 337 is well enough. Happy trading.