Jindal Vijaynagar Steel

#1
Good stock which did not keep pace with the recent steel stocks surge. Now trading in an extremely narrow range.

What is the near-term out look? Any advice on SELL, HOLD or BUY.

Would appreciate some advice from anybody & everybody. Thanx in advance.
 
#2
Stocks moving in a narrow range the some of the best opportunities for a short term trading breakout.

Jindal Vijaynagar Steel seems to forming such a pattern. if you do a search in this forum you can read more on the narrow range and inside day pattern.

One can go long on a breakout above 11.80 with a stoploss at 11.10.

A close above 11.80 will confirm a new intermediate uptrend.
 
#3
Right, right you are. JVSL broke out above 11.80 last week & hit 12.50 after trading in a very narrow range for days. Made some money. Thanks for your tip as I was previously considering dumping my shares around 11.50 where the stock price was languishing for days.
 
#4
jaideep said:
Right, right you are. JVSL broke out above 11.80 last week & hit 12.50 after trading in a very narrow range for days. Made some money. Thanks for your tip as I was previously considering dumping my shares around 11.50 where the stock price was languishing for days.
You are welcome jaideep!

It is always good to recieve feedback!!
 

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