Live
- Eluru: Collector reviews polling arrangements
- Gold rates in Delhi slashes, check the rates on 09 May, 2024
- Gold rates in Visakhapatnam slashes, check the rates on 09 May, 2024
- Gold rates in Vijayawada slashes, check the rates on 09 May, 2024
- Gold rates in Hyderabad slashes, check the rates on 09 May, 2024
- Hyderabad: Heavy rain brings relief, but power issues persist
- CPI leader Narayana dares PM Modi to arrest Jagan
- GHMC to begin surveying dilapidated structures
- Rahul Gandhi to Campaign in Narsapur and Saroornagar today
- Cong is communal, appeases Muslims to grab power: Konda
PL Technical Research: Buy JINDAL SAW - Technical Pick
PL Technical Research
PL Technical Research: Shiju Koothupalakkal - Technical Research Analyst, Prabhudas Lilladher Pvt. Ltd.
BUY JINDAL SAW CMP: 454 TRGT: 517 SL: 429
TECHNICAL PICK - The stock after peaking out near 515 levels has witnessed a decent correction to take support near 404 zone recently and with a pullback witnessed has moved past the significant 50EMA level of 428 zone and indicating a falling channel breakout at around 430 levels, has improved the bias anticipating for further rise in the coming days. The RSI after the gradual slide has flattened out and is well placed indicating a trend reversal to signal a buy and with much upside potential visible, technically has made the chart look attractive. We suggest to buy and accumulate the stock for an upside target of 517 keeping the stop loss near 429 levels.
