Wednesday, 18 May 2016

JSW Steel

JSW Steel is looking very good and showing very good strength on chart. This stock is currently trading at Rs.1309/- on NSE with very good volume. It is trading at its multi year high. One should buy it with strict stoploss of Rs.1283/- for intraday 1st target of Rs./-1316, 2nd target of Rs.1336/- & 3rd target of Rs.1376/-. Short term Investor should hold this stock with above said stoploss. Yesterday its delivery volume was almost 13% of its trading volume. One should buy and hold it for short term. The stock is still trading above its book value which is Rs.1030/-.This whole sector is looking very strong and attractive. A strong momentum may be seen in coming days with huge volume. One should hold it patiently with above said stop-loss. Yesterday this company has posted very strong result. In short term the stock may touch the level of Rs.1550/- to Rs.1600/-

Discloser-
 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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