Tuesday, April 27, 2010

Buy Jindal Steel and Power at 715, it can touch 750 and then 780

Jindal Steel and Power can be bought at 716 for a taget of 750, and if that holds then 780 can be seen.

(1) Positive close on weekly basis
(2) ADX is at 17.55 approaching 20, with +DI > -DI.
(3) On MACD charts the MACD line is above the MACD signal line.

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