JaiCorp Ltd Forming Momentum for a big move Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Forming Pole & Flag Pattern in daily TF.
* Rectangular Box Pattern in week TF.
* From Oct 2023 to June 2024 Tested Resistance Many times.
* It's Near resistance Zone and trying to breakout.
* If Stock break's resistance zone then we can see a move to 500 & if Sustain above 500 then we can see move to 560 to 700, let's see breakout sustain or not.
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
JAICORPLTD
Jai Corp Ltd - Long Setup, Move is ON...#JAICORPLTD trading above Resistance of 223
Next Resistance is at 334
Support is at 134
Here is previous chart:
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.
Long JAICORPLTDNSE:JAICORPLTD
Chart is self explanatory. Entry, Targets and Trailing Stop Loss 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.
JAICORPLTDThis stock has given good breakout along with good intensity of volume on daily time frame,
Once it closes above 144.20 then more strength could be seen on chart to go towards north direction, all the key levels are mentioned on chart.
Breakout along with good volumes
RK's black magic BUY signal in Daily chart
MACD in weekly positive crossover
MACD in Daily positive uptick above zero line
RSI in daily uptick
DMI ADX positive
Price out of upper range in daily
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
YR 2022 Idea #34: Long on JAICORPLTDThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Intraday Trade: watch for previous day highbuy above 135
For stoploss use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.