JUBLPHARMA | Multi-Year-Breakout |Swing Trade|Bullish Momentum Chart Analysis: 1) Inverted Head and Shoulder Formation 2) Market Structure Breakout 3) Multiyear breakout 4) Volume Breakout This is just an analysis, trade at your own risk
This stock has been falling in a downward channel from last many months . Stock fell in a downward channel and in the process lost 50 % of its value. Chart suggests that price has come out of the downward channel with higher high double bottom formation & this has lead to the formation of Inverted Head & Shoulder Pattern. With good results this stock can aim...
Some Knowledge about MY patterns here : 1) Cup and Handle : Appearance: Looks like a cup profile with the handle on the die right Reversal or consolidation: Short-term (up to 3 months) bullish consolidation Failure rate: 26% Failure rate if waited for a breakout: 10% Average rise 38%, with most likely rise between 10% and 20% Throwbacks 74% Percentage...