320-x-100_uti_gold.jpg" alt="Advertisement">
Stock of the day : Jindal Steel And Power Ltd For Target Rs. 11 - Religare Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Jindal Steel And Power Ltd
* After a five months of steady upmove. Jindalstel is now showing sign of distribution.
* It has given a breakdown from consolidation and trading below its short term moving average.
* Stock has witnessed a breakdown from squeeze Bollinger bands indicates bearish tone to extend further.
* We thus recommend creating shorts through the Put option.
Buy Jindal Steel And Power Ltd CMP 5.20; Range 5-5.50 SL 2 ; Target 11
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
