JINDAL STEEL AND POWER FORGING AHEAD

With the overall metal sector giving a breakout on the charts, a few stocks are lagging behind and a few are fueling the rally and one among them is JINDAL STEEL & POWER ,the stock had earlier rallied with the metal sector and after a wide range low volume consolidation of about 10 months the stock has given a breakout ,it is not suggested to immediately jump into the stock ,instead wait for a potential retest/pullback around 475/500 levels as the RSI has entered the overbought zone . the medium to long term targets could be 550/600/700