Jindal Saw – Breakout Setup & Bullish Continuation Near ₹200 ZonJindal Saw LimitedNSE:JINDALSAWnandupkThe price has shown a steady recovery and is currently trading around the ₹198–₹200 zone. The recent price action indicates consolidation near resistance, suggesting a potential breakout if buying momentum continues. The key demand/support zone lies near ₹188 – ₹195, which can act as a base on pullbacks. Trade Plan Entry Zone: ₹195 – ₹200 (on consolidation or breakout above ₹200) Stop Loss: ₹188.35 (below key demand zone / invalidation level) Primary Targets: ₹224.70 (near-term resistance level) ₹247.80 (major resistance level) ₹286.25 – ₹286.40 (extended target if momentum continues) Chart Observations • Price is forming higher lows, indicating gradual strength building. • The ₹188 – ₹195 zone is acting as a strong demand area. • Current price action near ₹200 suggests a breakout setup. • ₹224 is the immediate resistance where price may face selling pressure. • A breakout above ₹224 can push the price toward ₹247 and further to ₹286 levels. • Structure indicates accumulation before a potential upward move. Notes • This is a breakout continuation setup — confirmation above ₹200 is important. • The stop loss at ₹188.35 helps manage downside risk effectively. • Traders may consider partial profit booking near ₹224 and trail positions for higher targets. Disclaimer This idea is for educational purposes only and not financial or investment advice. Markets are volatile and conditions can change quickly. Always do your own analysis and apply proper risk management before taking any trades.