LKP Spade : A Weekly Pick - Buy Jindal Steel & Power Ltd For Target Rs. 628/658 By LKP Securities
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* The stock is trading in a strong uptrend with higher high and higher low formations intact on all the time frames.
* The stock had given a recent breakout from a falling trend line and now is showing further strength on the upside to cross its all-time high level.
* The momentum indicators are in the strong buying zone which confirms the strength of the stock.
* The lower-end support is visible at 568 which will act as a cushion for the bulls.
Buy Jindal Steel & Power Ltd @ Rs.294-298 Stop Loss;568 CB Target Rs. 628/658 Duration 1 Week
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