Continuation to the Upside

Jindal Steel is in a very interesting pattern. This broken out of the Daily consolidation/ corrective down trend. Entering long here could be risky but If we see a consolidation here in the form of a flat indicating a continuation, then it is a good buying opportunity- to retest the Daily highs and possibly go beyond. For a favorable risk / reward, I would surely look for a 240 corrective structure and then get long on it, just not yet, though.

*** This is not a trade advise**