JSPL: Near Support levels
Updated
JSPL
- the stock is currently trading below it's 50 day
- The stock is currently near it's 200 day EMA (a tad below to be precise)
If 200 day EMA is withheld and the stock goes above 50 day EMA, then Target for the set up 418 / 447
- Given the volatility, consider buying in 2 tranches - one at current levels and have provisions to buy on dips towards 340-350 zone in case if that comes
Ignore if you are looking for short term quick gains.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
- the stock is currently trading below it's 50 day
- The stock is currently near it's 200 day EMA (a tad below to be precise)
If 200 day EMA is withheld and the stock goes above 50 day EMA, then Target for the set up 418 / 447
- Given the volatility, consider buying in 2 tranches - one at current levels and have provisions to buy on dips towards 340-350 zone in case if that comes
Ignore if you are looking for short term quick gains.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Trade closed: target reached
From 376 to 444.80Target given 447
CMP 438
Consider to book profits
If made profits from the set up, then credit goes to Krishna ji for highlighting this set up. You can thank him for the same 😀
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