JUBLINGREA Price action trade set up
Double Bottom Pattern
A significant technical development is the formation of a double bottom pattern, which is considered a bullish reversal signal. The stock formed two distinct lows at approximately ₹643, indicating strong support at this level. A breakout above the neckline at ₹765 has been confirmed, suggesting potential for further upward movement1.
Price Targets
Short-term price targets for JUBLINGREA include:
Upside targets: ₹864.05, ₹857.47, ₹870.63
Downside targets: ₹840.75, ₹834.17, ₹824.033
For the mid-term, the stock is in an uptrend with potential targets of ₹925.15 or ₹885.00
A significant technical development is the formation of a double bottom pattern, which is considered a bullish reversal signal. The stock formed two distinct lows at approximately ₹643, indicating strong support at this level. A breakout above the neckline at ₹765 has been confirmed, suggesting potential for further upward movement1.
Price Targets
Short-term price targets for JUBLINGREA include:
Upside targets: ₹864.05, ₹857.47, ₹870.63
Downside targets: ₹840.75, ₹834.17, ₹824.033
For the mid-term, the stock is in an uptrend with potential targets of ₹925.15 or ₹885.00
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