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| Jindal Saw daily chart: 6th July, 20 |
Jindal Saw is showing promising set up with probability to reach 70 levels in the short term, which amounts to an expected 10% gain approx. Factors which give confidence in daily charts are.
- High volume on breakout after crossing recent high
- RSI has crossed 60 and hence into bullish territory
- ADX and +ADX are above 25 with rising slope
- Price has crosse 100 MA
- Not much selling pressure seen in price action
I will wait for tomorrow's opening and see price action for few minutes before deciding to buy.
Disclaimer: The author is not a SEBI authorised advisor and chart displayed is purely for educational purposes.
