Jupiter Wagons Limited - A very Short term spike expected

JWL - Technical Analysis Update 🚀📈

Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM)

Key Indicators:

• Parabolic SAR: Buy signal triggered 🟢
  
• Moving Averages: Crossover at ₹323.20
  
• MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76
  
• Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet)
  
• %R: -14.14, touching upper baseline
  
• Fisher Transform: -0.01 (Fisher), -0.59 (Trigger)
  
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Market Outlook:

The stock shows potential for upside 📈, especially with the recent big order win.
Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation.

Trading Targets:

First Target: ₹350.90 🎯
Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level)

Caution:

High volatility expected. Enter for short-term trades 🔍.
High P/E ratio above 50. Short-term positions advised.
Keep an eye on market opening movements for further clues.
Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔

Conclusion:

Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️





Disclaimer:

General Information Only: This analysis is provided as general market commentary and does not constitute investment advice. It is provided for the information purpose only.

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Trade active:

Target one has been breached So therefore, those who wish to book partial profit can do that Otherwise, short term growth still visible.

Trade closed manually:

Position closed.