2025-08-08 11:16:53 am | Source: Religare Broking Ltd
Stock of the day : Jindal Steel Ltd by Target Rs. 1055 - Religare Broking Ltd
Jindal Steel Ltd
Buy Jindal Steel Ltd CMP 999.50 Range 995-1000 SL 970 Target 1055
* Jindal Steel & Power has recently signaled the end of its corrective phase by breaking out above the descending trendline.
* This was accompanied by a breakout from a tight rectangular consolidation pattern, supported by rising volumes—further reinforcing the bullish outlook.
* The stock is now trading above its 20-week EMA, adding to the positive bias.
* Moreover, the successful retest and rebound from the support zone suggest strong upside momentum following this period of sideways consolidation
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