[Premium] Trade Of The Week

JC Parets
January 25, 2023

This week we're looking at the stock from the Metal sector.

Jindal Stainless Limited (JSL) had a decadal-long breakout above its 2008 highs. JSL relative to the Nifty 100, has been outperforming with a strong breakout in the ratio chart. The RSI indicator is in the overbought territory suggesting bullish momentum.
We're bullish above the risk management level of 244, with a target close to 385.

Click on the chart to zoom in.

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Allstarcharts Team

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