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Dinesh_C_Nagpal
Feb 19, 2024 2:15 PM

JUBILANT INGREVIA 

JUBILANT INGREVIA LTDNSE

Description

Hello & welcome to this analysis

The stock after a strong retracement has gone into a sideways trend mainly due to the sector seeing sharp decline.

Currently in a triangle in weekly time frame, a breakout is probable above 515 while further downside should not be ruled out if it breaches 400.

Overall fundamentally a strong stock one could keep an eye for breakout and or accumulate with proper risk management in case of failure/exit.

Happy investing

Comment

Breakout confirmed today post triangle
Comments
mhari_p
thanks dinesh for your study and outlook on this stock , appreciate your efforts.
suitableEagle37757
hi dinesh, been following for a while wanted your thoughts on GSFC been holding it since 330 rs. Can hold it for long term.
Dinesh_C_Nagpal
@suitableEagle37757, GNFC saw selling from the upper end of a parallel channel. I can see v strong support between 200-170 where the breakout took place, right now resistance between 260-280. Long term story looks v good to me, short term can be wobbly
ehsansyed90
what is the expected target after break out
Dinesh_C_Nagpal
@ehsansyed90, 575 to 625. Do watch the video for further details
ehsansyed90
Hi Dinesh, I am holding Jublingrevia my average price is 552 , Can i see this price again or should I exit now ?
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