Jindal Saw:Rs.98/- the stock has moved above 200 week EMA which is very bullish signal. Please look at the volumes also they are very very huge indicating that good amount of interest is coming into the stock the stock was accumulating below 200 week EMA for last five months and this month it has give break out from consolidation which gives us an indication to buy. So technically the stock is a buy. Fundamentally the stock financials have deteriorated during last five years and now seems to have turn around. The company had an EPS of (-)Rs.3.50 for Fy-14 but the TTM EPS is around 8.5 which is clearly an indication that we might be seeing a turn around in financials and this seems to be reflecting in the stock price. So it warrants a buy with Stop Loss of Rs.70/-

May all be Peaceful and Happy

M.Mahiidar

Enjoying Life

Trend is Friend.