powerfulpicks stock opinion: Jindal Steel and Power is a momentum stock. If you look at the long term candle stick chart, it tends to go up and then come down and then go up again, in cycles and in a range between 600-750. Basically, it is a trading stock. Whereas JSW STEEL is a growth stock and its moving averages have a better direction. In the next 4-6 months, I do not think JINDAL STEEL will exceed 742; in fact, it looks quite fairly valued to me and can go back to a range between 680 - 700.
SCROLL DOWN FOR NEWS FROM ECONOMIC TIMES
No comments:
Post a Comment