#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 #stocks #swingtrade #chartanalysis #traderyte
JBCHEPHARM formed flag and pole. it retraced from lower flag trendline. There is a possibility of breakout. Slight Divergence visible. possible entry at BO at 1786. Target : 1874, 1985, min 20% onward
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....
Distribution Schematic #2: Wyckoff Bearish thr is a probability that it may move up to form better LPSY
Jb Chemicals & Pharmaceuticals Limited trading inside a channel pattern. Also there is Bullish MACD crossover today
JBCHEPHARM is looking for a great buying opportunity after forming consolidation & has descending channel on 4h timeframe. TG expecting to reach at 2500.
Stock has been taking supports and resistance from this trend line from a long time. Inverted Head and Shoulder in the making. Triangle Breakout.
JBCHEPHARM down trend breakout down next target arrive
JBCHEPHARM (D) looks good for more upsides :) Keep watch closely
Bullish flag breakout in Jb Chemicals & Pharmaceuticals Limited
Target 1 reached ....Still upmove expected .look for next target on chart.
Another swing trade idea... Look at the 4 dojis.. after the big red candle.. Price is about to flip.. Buy around 1520-25... Target 1640-50
After 16 week consolidation stock is again trying to break triangle. It can be bought at 1081 with SL of 1016
Again VCP with 70% reduction in volatility with reduction in volume. Buy above 1011 with SL 949
JBCHEPHARM has given a triangle breakout in daily chart. BUY -980 SL-915 TARGET-1125