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mastermukund4
May 17, 2021 1:47 AM

Multi Year Breakout - Cup and Handle Pattern Long

JAYANT AGRO-ORGNSE

Description

Jayant Agro Org is involved in the business activities of Manufacture of organic and inorganic chemical compounds.

The stock broke out a multi Year Resistance with good volume. The RSI on weekly chart indicates overbought condition and the stock is expected to retest its breakout levels.

The Company is fundamentally sound. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. Jayant Agro has posted some outstanding results in FY 21 and the same is to be reflected in the stock price. There is a clear reversal on charts.

U can accumulate some qty now or wait for retesting to complete.

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Comments
sohamdey76
Hi brother. I'm in the trade from 220 levels. What to do after this?
mastermukund4
@sohamdey76 Hold patiently for 260-300 levels
sohamdey76
@mastermukund4 Today made a high of 250. Even though markets were weak. Momentum looking good.
mastermukund4
@sohamdey76, Hold Patiently
sohamdey76
fantastic movement. locked in upper circuits
sohamdey76
great move today.
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