JindalSteel: Bullish Breakout Ready

JINDALSTEL is in Bullish breakout ready.
Overall Steel Shares are showing momemtum.

Reasons:

• Rectangle breakout and sustaining the breakout.
  
• Consecutive two days of high volume.
  
• RSI based momentum is above 75 and constantly rising.
  

Trade: Buy above 568, SL: 560, T: 572/580
Sell below 540, SL: 550, T: 534/525.