JAY SHREE TEA IND Stock is forming head and shoulder, We can see breakout of this stock in upcoming days and stock will try to complete its wave pattern as per corrective ABC pattern we might see 200 and 270 levels in upcoming days. I have make a route of this chart it will try to complete in this form like this
Thanks
JAYSREETEA
JAYSREETEA Analysis & PredictionThis is the analysis of JAYSREETEA in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About JAYSREETEA :
Jay Shree Tea & Industries Ltd. engages in the cultivation of tea and manufacture of tea, chemicals and fertilizers. The firm also involves in warehousing activities. It operates through the following segments: Tea, Chemical and Fertilizers and Sugar. The company was founded on October 27, 1945 and is headquartered in Kolkata, India.
JAYSRETEA 150 ?we can see head and shoulder in this particular script, share is struggling to cross 130 area many touches there. after forming a flag and pole pattern we can see a break in this particular script target 150 as per harmonic thanks
SWING TRADERS - OPPORTUNITY KNOCKSJAYSHREE TEA - One of the oldest companies in the business. Had a bad financial run in recent years but recent cash flow and Income statements looks good. Volume is good and the technicals show a breakout in the offering. Easy 7 - 10 percent capture. I have entered at 110 after it repeatedly tried to breach the mark. Lets see
Target is 120 - 125 for short term exit.
CHART STUDY - not a call