Short Term Swing Trading Idea in J B Chemicals for > 10% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Weekly chart of
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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JBCHEPHARM
JBCHEPHARM - SWING TRADE - 24th December #stocks#JBCHEPHARM (1D TF)
Swing Trade Analysis given on 24th December, 2023
Pattern: NECKLINE BREAKOUT
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - In Progress
Note: There is a Resistance at the Top of the Ascending Channel
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JBCHEPHARM - Ichimoku Bullish Breakout Stock 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 1989
#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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