vipulmehta817

Johnsons Hitachi (JCHAC) at Year-Long Support

NSE:JCHAC   JOHNSON CONTROLS-H
Johnsons Hitachi ( JCHAC ) stock is hovering at its year-long support where it has struck multiple times in the past. We are also at the 0.618 retracement from Aug'19 low to Mar'20 peak zone. We are closely monitoring the price action at this level. Any signs of bullishness would be a good time to go Long for a sharp up move. Will post an update on this post as we see something happening in the price of the stock.
Comment: The stock has exhibited a bullish price action for most of the day today and seems ready to reverse. Can be bought with 2200 as stop and 2400/2630 as targets (shown in the snapshot at the following link).
https://s3.tradingview.com/snapshots/x/X...

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