Stock of the day : Jindal Steel Ltd by Target Rs. 1255 - Religare Broking Ltd
Jindal Steel Ltd
Buy Jindal Steel Ltd CMP 1178.00 Range 1175-1180 SL 1140 Target 1255
* JINDALSTEL has recently broken past its multi-month resistance zone and marked a fresh record high, indicating renewed upward momentum.
* The stock has successfully held its neckline area and continues to inch higher, reflecting underlying strength despite volatile moves across the broader metal space.
* The stock is trading comfortably above its key short- and long-term moving averages, which are positively aligned and expanding—further reinforcing the strength of the prevailing bullish trend.
* Traders may consider initiating long positions in the mentioned range.
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SEBI Registration number is INZ00017433
