JAIBALAJI - VCP Chart Pattern FormationThe stock is forming a VCP pattern, which is a bullish continuation indicator suggesting potential upside.
There is also a significant increase in volume during the handle formation, confirming buying interest.
CMP - 1152
Entry: Above ₹1,175 (breakout level).
Target 1: ₹1,300
Target 2: ₹1,400
Target 3: ₹1,535
Stop-Loss: ₹1,065
Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
JAIBALAJI
JAI BALAJI INDMarket Cap: ₹ 10,048 Cr.
Stock P/E: 26.0
ROCE: 18.3 %
Company has reduced debt.
Company has delivered good profit growth of 21.1% CAGR over last 5 years
Promoter holding has increased by 1.29% over last quarter.
Symmetrical Triangle Pattern Breakout on Daily Time Frame
52 was our Dip Level Buying almost from 12th April 23
Fresh Entry: 645
Target: 800, 900 ++
SL: 560 CB
Remark: Short Term
Disclaimer: Strictly for Educational and Learning purpose.
Jai Balaji Industries Limited - Long Setup, Move is ON...#JAIBALAJI trading above Resistance of 79
Next Resistance is at 105
Support is at 54
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Jai Balaji Industries Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.