JSW SAW - 6th July, 20 ( Daily Chart )

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.

1. High volume on breakout after crossing recent high
2. RSI has crossed 60 and hence into bullish territory
3. ADX and +ADX are above 25 with rising slope
4. Price has crosse 100 MA
5. 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.