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Technical Observations

* The stock rested the past three months range breakout area around |180 that confirmed the prevailing up trend and offers a fresh entry opportunity

* We expect the stock to resolve higher and gradually head towards 52 weeks high placed around | 210 levels

* Key point to highlight since March 2021 is that, elevated buying demand emerged in the vicinity pf 20 days EMA, highlighting inherent strength that augurs well for next leg of up move

* The daily MACD is seen sustaining above its nine periods average thus validates positive bias in the stock

Buy Jindal Stainless Ltd @ 191.00-195.00 TGT 210 SL 182

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