JBCHEPHARM - Ichimoku BreakoutStock Name - Jb Chemicals & Pharmaceuticals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1620
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Jbchemical
J.B. Chemicals & Pharma | IH&S Pattern Spotted.- JBCHEPHARM formed an IH&S pattern in continuation Bullish Run.
- Usually this pattern occurs when market bleeds and shows the reversal signs.
- This pattern can formed in continuation rally, which shows the momentum is good with the stock.
- I'm adding some buy bid here and laddering them till the neck line.
- Keeping stop loss below the formed shoulder and target = height of head.
Good R:R Here.