JUBILANT INGREVIA LTD
Long
Updated

Jubilant Ingrevia - Looks Bullish

531
It is clear from the chart that the stock price is traveling in a prominent channel, respecting support and resistance on both sides. If the momentum continues, may go to 500.
Considering risk-reward is the first thing in any setup. one should exit below 440/430 depending on the position size and risk management.
This is only for learning and sharing purposes, not a trading recommendation in any form.
All the best.
Note
Good move on the first day. Reached 472 in the session. Keep tracking.
Note
Crossing 480.
Note
Reached 494 today on 04.04.24.
Trade closed: target reached
The target of 500 was reached. Made a high of 502 today on 05.04.24.

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.