long on jindal steel

Hello, guys, this is Shubham and welcome to another blog

in this time as you see all the metal sector is going up the relative strength of the metal sector as compared to another sector is much higher

so regarding this, I found one long trade in Jindal steel firstly I show you forecasted chart

this is the weekly chart of the Jindal steel and in this chart, you are able to see three horizontal lines

first, red line is the short term resistance at 211 and the green line is the short time support level which is at the 190 prices and the middle line is the entry point of the long trade which is 192 price

this is the daily chart and in this daily chart you can easily identify the long position in Jindal steel but it is importent that it should be sustained in the range of 188-192

this is an hourly chart

so make sure initiate your trade when it sustains in the level of 188-192 and then initiate the long position for the target of 211 and stop-loss 186

and this is my own study on Jindal steel make sure that before initiating trade must do your study also

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Happy trading

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