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Trading Strategy

Technical Call: Sell Jindal Steel
The stock after completing its 5 wave decline has recently corrected near its wave ‘iv’ which is around the 300 levels. The recent rise has been in an ‘abc’ corrective formation and the stock also formed multiple Doji candlestick.

     Index Current Change
    Dow Jones Industrial Average (Aug 22) 17036.69 -2.80
    Hang Seng (Aug 22) 25112.23 +118.13
    Jakarta Composite (Aug 22) 5198.9 -7.24

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