Jindal Saw Limited

Jindal Saw Limited

Jindal Saw Limited continues to rise and reaches a record high, the business appears to be a fantastic long-term investment.

Kindly review and understand the daily chart for Jindal Saw Limited. The chart indicates that Jindal Saw Limited has done well so far, is a solid investment in the 590–600 zone, and has a significant potential for development in the future.

Kindly refer to the daily chart that Jindal Saw Limited has provided. The stock broke out of the 590–600 zone and is presently trading above horizontal resistance and rising sharply. As the picture shows, Jindal Saw Limited is currently in high demand at a price of 605. The range of the expected growth phase, which is 780 to 800, is shown in the graph below. 

• After making a good breakthrough in the 590s and 600s, Jindal Saw Limited has grown and now has excellent long-term investment potential.
• The chart indicates that Jindal Saw Limited is in a favorable position and has room to expand, maybe moving up to positions 780 and 800.
• Right now, the risk-reward ratio is appropriate for cash transactions, making the current range of 590 to 600 the best time to buy this company.
• The stock has broken out of an ascending triangle pattern, with a target price range of 780 to 800, according to the chart.

Please refer to the Jindal Saw Limited daily chart for your reference. The daily chart shows horizontal resistance, a breakout, and demand in the price range of 590–600. This high demand causes the stock to rise.

Please pay attention to the horizontal resistance and its breach because the stock reached a new all-time high today, indicating a great buying opportunity at the current price. The stock has so far reached its targets at 780 and 800, maintaining the upward trend depicted on the chart. 

Jindal Saw Limited evolved from the rising triangle; the pattern's most recent goals fall between 590 and 600. The ascending triangle is a chart pattern that is used in technical analysis. Price variations result in a rising trend line and a horizontal line at the swing low and high, respectively. The two lines are fashioned like a triangle.

Investors may be searching for long-term purchasing opportunities in the 590–600 range due to the stock's high demand. They might also profit from any stock declines, which might push the price up to the 780–800 range and show a positive risk–reward ratio. Take advantage of the opportunity to invest in this company at any downturn, as it has a significant upside potential.

Investors may progressively buy the stock with cash, setting a stop loss of 540 and price targets between 780 and 800.

If there is less price fluctuation before there is a significant increase, the stock or instrument can reach high volume and upside with a quick rise and target hit. Traders and investors look for what is called a Volatility Contraction Pattern (VCP) typically. For additional information on VCP patterns, please visit our website and download the app from the Google Play Store. We also show that the pattern identification is quite accurate.

The daily chart of Jindal Saw Limited displays resistance and support. The spot chart displays each level. 

Jindal Saw Limited	Support	Resistance
Level 1	590	780
Level 2	540	800

 

Company Profile: Jindal SAW produces seamless, carbon, alloy, and SAW (submerged arc welded) pipes and spiral pipes for the energy transportation industry; ductile iron (DI) pipes and fittings for the transportation of water and wastewater; and carbon, alloy, and seamless pipes and tubes for industrial purposes.

Jindal SAW operates a number of cutting-edge production facilities. Energy-efficient and reducing reliance on fossil fuels, Jindal SAW pipes contribute to the preservation of natural resources.

 

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