raavigeorgian

Jayshree Tea - 11yr H&S pattern

Long
NSE:JAYSREETEA   JAYSHREE TEA
The stock is seeing a huge volume cluster near its long term breakout neckline/trendline. A strong indication that absorption is going on, and the stock may show a huge upside anytime soon.

SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)


BUY GUIDANCE:
Never ever buy before 3PM . I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.

SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.

Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.

Note: I reserve the right to be wrong.

DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.

Comments

Hi, what is rs breakout
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@drdc11, Relative strength compared to NIFTY. The purple line is NIFTY's relative strength.
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