ms555
Long

JAYSREETEA - HIGHER TOP HIGHER BOTTOM PATTERN

NSE:JAYSREETEA   JAYSHREE TEA
TECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120.

FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits can also led to rerating further in the stock.

BUT IT WILL TAKE SOME TIME .

Target:118( Short term)

Stoploss: 97 (Closing Basis)



Target:180 (Medium term)

Stoploss : 97(weakly closing)
Trade active
Comment: Buy 70% now and rest 30% near 102-103 to make R:R in your favor for short trades,
Medium term should buy 60% now and rest 40% after the breakout of 120 levels.
Trade closed manually: Exit at cost taking a lot of time, will enter if breakout happens
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