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).
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Target 1 stands achieved as on 31st July 2023 !!!!!
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Target 2 reached on 26 Sep'23 !!!
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Target 2 successfully breached!!
On right track , moving towards Target 3
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The Stock is locked at 20% upper circuit today i.e. 26 Dec' 2023
There are no sellers in JKIL.
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Target 3 too achieved on 27th Dec'23 !!!!! Enjoy profits.