Jindal Steel Limited (NSE: JINDALSTEL) is showing a strong bullish setup across multiple timeframes — monthly, weekly, and daily charts. The stock has formed a classic Cup & Handle pattern , which is one of the most reliable continuation patterns in technical analysis. 🔍 Chart Overview Pattern: Cup & Handle Timeframe: Monthly / Weekly / Daily Current Market Price (CMP): ₹1,066 Resistance / Breakout Zone: ₹1,090 – ₹1,100 Key Supports: ₹986 / ₹882 / ₹770 📈 Technical View The stock is currently consolidating near the neckline zone of ₹1,097. A strong monthly or weekly close above ₹1,100 will confirm a breakout and open the door for higher levels. Volumes are expected to increase post-breakout, indicating renewed buying interest. 🎯 Targets (Post Breakout) If the price sustains above ₹1,100: Target 1: ₹1,250 Target 2: ₹1,380 Target 3 (Extended): ₹1,500 ⚙️ Stop-loss Stop-loss: ₹985 (on weekly close basis) ⏰ Time Horizon ...
Simplifying finance and money tips for smart living and wealth growth.