Probable trend reversal in Jyoti CNC

Nov 21, 2024

1. Stock has broken out of downward channel.
   
2. Relative Strength has also given a breakout.
   
3. A variation of 3 white soldiers on daily timeframe ( good volumes visible on hourly Timeframe)
   
4. Overhead resistance is still present, so stock may go through some time and price consolidation.
   

Dec 11, 2024

Trade active

After breakout above resistance of 1290 and reaching around 1400, stock has given a pullback. This can be used for adding to the existing position(pyramiding).
1290 becomes a good support region now. After few days of consolidation stock may see momentum on the upside.

Dec 12, 2024

Note

Support range is 1255-1290

Dec 17, 2024

Note

Stock has reached all time high ground. Those who have existing positions can add.

Jan 13

Trade closed: stop reached