JAYSREETEA - HIGHER TOP HIGHER BOTTOM PATTERN

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