Bullish Flag Breakout in SJVN

raigvivek Updated   
SJVN Limited, a Mini Ratna, Category-I and Schedule –‘A’ CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). SJVN is now a listed Company having shareholders pattern of 55.00% with Govt. of India, 26.85% with Govt. of Himachal Pradesh and rest of 18.15% with Public. The present paid up capital and authorized capital of SJVN is Rs. 3,929.80 Crore and Rs. 7,000 Crore respectively. The Net Worth as on 31.03.2023 is Rs.13821.97 Crore.


A Weekly Bullish Flag and Pole pattern is visible on the charts of SJVN

The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.

MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.

One can create a fresh position in the scrip near Rs.78-81 levels with the stoploss of Rs. 70 on weekly closing basis for the following targets 85.15, 89.25, 96.05, 100.15,
105.65,111.50 and 116

Risk Disclaimer:

The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.

The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.

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It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.

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Trade active:
1st two targets completed..........Enjoy the Money Rain Guyssssssssssss
Trade active:
3rd Target Completed...Enjoy the moneyrain guyssssssssssss
Trade active:
4th Target Completed...Enjoy the moneyrain guyssssssssssss
5th Target Completed...Enjoy the moneyrain guyssssssssssss
Trade closed: target reached:
All targets completed......


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