Jindal Cotex Limited stock today closed at 7.85 with 20% circuit. Strong buying volumes saw today. Today 2.23 lakhs share traded on NSE. Stock consolidate in 5 to 6 range for almost 3 months and now given strong breakout above range with price and volume which is significant. The stock now heading towards August 2015 top of 9.15 and then next resistance, as well as the target, will be 10.15 which is July 2015 top.
On the downside, 7.35 and 6.7 are strong support zones as well as stop loss levels for traders.