Jindal Steel trying to maintain
The sudden rise in commodities is helping the Steel industry, and the same can be seen in Jindal Steel.
Jindal Steel gave a Golden Cross pattern where 50 DMA crossed 200 DMA 3 sessions back, and we saw a sudden jump in the stock.
The stock took the resistance of 463 and retreated in yesterday's session. Today the stock opened in green and took resistance of 452 and currently can be seen as in consolidating stage.
Resistance levels based on GANN Square of 9 are 452, 463 and 474 and based on Fibonacci is 473.
Support levels based on GANN Square are 441 and 431, and based on Fibonacci are 444, 428 and 420.
Jindal Steel gave a Golden Cross pattern where 50 DMA crossed 200 DMA 3 sessions back, and we saw a sudden jump in the stock.
The stock took the resistance of 463 and retreated in yesterday's session. Today the stock opened in green and took resistance of 452 and currently can be seen as in consolidating stage.
Resistance levels based on GANN Square of 9 are 452, 463 and 474 and based on Fibonacci is 473.
Support levels based on GANN Square are 441 and 431, and based on Fibonacci are 444, 428 and 420.
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