Rehan_sharif

Jindal Steel Long Trade (Buy)

Long
NSE:JINDALSTEL   JINDAL STEEL & PWR
Jindal Steel was in down trend from a few days, but recently it formed a Doji candle with lower price rejection. And today it formed a bullish candle, these candlestick patterns indicate there could be a trend reversal. It is also taking support from 200 EMA of daily time frame. You can go long once it closes above 386/387 . It will be a good swing trade. Place logical stop-loss (Suggested : Below EMA 200 1D timeframe).
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