LONG on J KUMAR INFRA for Long Term:Breakout on Monthly Chart
Updated
J KUMAR Infra reached an ATH of 448.50 in Oct 2015 and then corrected approximately 30% to reach a low of 65.05 In Mar 2020. It had resumed its uptrend in Apr 2020 forming a triangular pattern. In the month of June 2022 it successfully broke out of traingle pattern rising reaching a high of 349. Since then it was in a correction phase, falling approx. 30% meanwhile.
The Stock has again resumed its upward journey since Mar 2023, meanwhile forming a higher high and higher low pattern.
Potential upside: 70% to 100%
Stop Loss: 275(daily closing basis).
The Stock has again resumed its upward journey since Mar 2023, meanwhile forming a higher high and higher low pattern.
Potential upside: 70% to 100%
Stop Loss: 275(daily closing basis).
Note
Target 1 stands achieved as on 31st July 2023 !!!!!Note
Target 2 reached on 26 Sep'23 !!!Note
Target 2 successfully breached!!On right track , moving towards Target 3
Note
The Stock is locked at 20% upper circuit today i.e. 26 Dec' 2023There are no sellers in JKIL.
Note
Target 3 too achieved on 27th Dec'23 !!!!! Enjoy profits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.