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Falling Wedge Pattern Breakout in JINDALSTEL

Long
JINDAL STEEL & PWR (NSE:JINDALSTEL)  
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NSE:JINDALSTEL   JINDAL STEEL & PWR
Support and Resistance Wedge Moving Averages macdcrossover fallingwedgepattern swingtrading priceaction JINDALSTEL
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supportandresistance wedgepattern movingaverage macdcrossover fallingwedgepattern swingtrading priceaction jindalstel
On Daily Time Frame, JINDALSTEL showing falling wedge pattern breakout. After this breakout expected this stock will give upside move upto 500+ projected target in short term period. Also, MACD bullish crossover in oversold zone indicating trend reversal of this stock. Can go long in this position with downside stop loss below 370 for target of 445 and 500+.
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