LONG on J KUMAR INFRA for Long Term:Breakout on Monthly Chart

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).

Comment:

Target 1 stands achieved as on 31st July 2023 !!!!!

Comment:

Target 2 reached on 26 Sep'23 !!!

Comment:

Target 2 successfully breached!!

On right track , moving towards Target 3

Comment:

The Stock is locked at 20% upper circuit today i.e. 26 Dec' 2023

There are no sellers in JKIL.

Comment:

Target 3 too achieved on 27th Dec'23 !!!!! Enjoy profits.