Hi, 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...
#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
For a quick upside to 1705 is that possible Increasing score W M in momnetum Stood Strong on the day
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