Pattern: NECKLINE BREAKOUT - Volume Spike at Resistance - Done ✓ - Retracement & Consolidation - In Progress
Note: There is a Resistance at the Top of the Ascending Channel
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JB CHEMICALS & PHARMA Update (as of 18th March, 2024)
- After achieving both our Target Levels in Feb - Stock has retraced back to the Demand Zone and respecting the Upward Channel - Reversal at the Channel Support and Demand Zone Support - New Target Level has been analysed - TSL and SL is Mandatory