JINDALSTEL Breakdown on 12th May Explanation

JINDALSTEL was testing the support at the price range of 471 in 5 minutes candle chart. So it was expected if it goes down the support with heavy volume then it will continue the trend for long. It had a huge dip of more than 4%. It was great opportunity for shorting.
Candlestick AnalysisSupport and ResistanceTrend Lines

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