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JINDAL STEEL on the verge of breakout above 309. Dated:26th May 2014, Monday.

  • JINDAL STEEL facing strong trend line resistance around 309.
  • Above 309 stock will face 100 days moving average resistance around 315 in weekly chart. As long as trades above 315 , stock to favor bulls.
  • Above 315 stock to face strong weekly resistance around 330 (50% fibonacci retracement).
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