Tgt: 136-140
The daily candlestick chart of Jindal Stain shows a bullish candle. It has closed
above the ascending triangle pattern on high volumes. Now the resistance line in
pink is at 136 which if decisively crossed can test Rs.140-142. High risk traders can
buy in declines around Rs.129-130 or a sustain move above Rs.132 with a strict stop
loss below Rs.126 in close for a pullback to Rs.136-140 in the coming 7-8 days. A
breach of Rs.123 would negate the bullishness.
* Trade in cash and in small quantities.
Cairn Ind Risky Buy Aug 240 CA CMP:
10.45 Tgt: 15-18
The daily candlestick chart of Cairn shows a bullish candle on high volumes. It has
closed above the sideways movement from Rs.215-230. High risk traders can buy
August 240CA in declines with a strict stop loss above Rs.5.85 in close for a
pullback to Rs.15-18-22 in the coming 7-8 trading sessions.
* Trade in cash and in small quantities.
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