Consolidation Range Breakout
• On the weekly chart, the stock has decisively broken out its past 6-7 months “Consolidation Range” (190- 150) on a closing basis indicating strong come back of bulls
• This buying momentum was observed from 20, 50 and 100 day SMA and rebounded sharply J.Kumar Infraprojects Limited
• The daily and weekly “band bollinger” buy signal reconfirm positive bias
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 210-220 levels.*Holding period is 3 to 4 weeks.
• This buying momentum was observed from 20, 50 and 100 day SMA and rebounded sharply J.Kumar Infraprojects Limited
• The daily and weekly “band bollinger” buy signal reconfirm positive bias
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 210-220 levels.*Holding period is 3 to 4 weeks.
Note
HIGH 266
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