Short Term Bearish Trade Setup in Jindal Steel

Jindal Steel is showing short term price rejection setup on the 30min time frame. Its good to monitor for short term correction with resistance around 127-130 zone. Short Term trading sentiment is negative. Consecutive 5 day trend of making higher high is observed. On Wednesdays intraday session it also tested the 18th April high before price rejection at the top.

Short term outlook is negative.

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