JHS is forming rounding bottom in monthly chart. When it breaks the resistance at 46 with good volume the price will move further. I expect the stock to gain 15 to 25 points in one year. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the monthly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend.
Trade active
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My 200 th post!
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Rocking movement!
Trade closed: target reached
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First Target reached. Duration : April 11 to aprill 24.
Comments
vaibhav.rf
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Many congratulations...Still holding your voltas call from 332 level..