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Jindal Stainless Ltd

Buy Jindal Stainless Ltd CMP 735 Price 736 Target 890 Stop loss 664 Holding Periond 30 Days

The stock price trading at Rs. 735.00 on 18 AUG 2025

JSLhas formed a Cup and Handle pattern on the daily chart, indicating a potential bullish reversal Price has broken above the falling trendline and key resistance zone, supported by strong volume

The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above both the 50-day EMA and 200-day EMA, indicating a positive shift in trend.

RSI is also trading at above 60 rsi indiccating strength in this breakout

Based on the current price action, we expect the stock to move higher toward the 1870-1890 levels A stop loss can be maintained al 664 to manage risk effectively

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785