Lupin: On the daily charts, the prices seem to be breaking the lower channel.
ALso the RSI and the Stochastic indicators are confirming the downmove.
The stock might get some intermediate support at the 200 DMA @ 428 so thats when stops need to be tightened
Jindal Steel: We had mentioned about it some time back in a blog-post. But since then the stock had been consolidating a lot
On the Daily charts, the stock seems to be breaking out of a bearish flag pattern.
Short selling can be done with a target of 608-610 in mind.
But watch out the lower end of the channel for a good entry point (if it comes).
ALso the RSI and the Stochastic indicators are confirming the downmove.
Jindal Steel: We had mentioned about it some time back in a blog-post. But since then the stock had been consolidating a lot
On the Daily charts, the stock seems to be breaking out of a bearish flag pattern.
Short selling can be done with a target of 608-610 in mind.
But watch out the lower end of the channel for a good entry point (if it comes).
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