Wednesday, March 19, 2014

Jindalsteel elliottwave analysis

Hi friends,
                     Looking at Jindal steel chart ,The fall from the top in december 2013
early till low of february 14th 2014.
Lets look at the chart.
Jindalsteel elliottwave analysis
The total fall from
december to february
has taken the shape of
abc.Then the rise took
the shape of abcde
right now we are in e
wave and it has potential
to touch 270 and after that
i expect some correction
in it.

Be watchfull near 270 lev el for this stock we can have a nice correction from there
to levels of 250 it can take shape of a simple abc correction.
Lets see how this stock performs in coming days.


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