JINDALSTEEL Rs 621 has formed multiple bottom near Rs.600 on many occasion but this time the stock trades below 200EDMA which suggest that stock can soon Break-down and lower side Rs.525 can also be possible and on higher side Rs.650 becomes a reversal level Caution advised on the stock.
http://www.myiris.com/newsCentre/storyShow.php?fileR=20100609193847194&dir=2010/06/09 Bearish `Island Reversal` in Nifty Future-A.K.Prabhakar
