JCHAC - Huge volume breakout in Weekly timeframeJCHAC - Gave a nice breakout in the weekly timeframe with a huge volume. The stock is looking very good technically and fundamentally. This breakout is more likely to be a genuine one as the price action before the breakout was mainly consolidation and accumulation, a good 1:2 RR can be considered.
JCHAC
Johnson Controls Hitachi (JCHAC)Johnson Controls Hitachi (JCHAC) is in a reverse or die situation. If this monthly support doesn't hold it will be very bad for this stock.
Johnson Controls BUYING opportunity YoY debt has increased resulting in a Flush DOWN
this level is critical and would be an amazing buying opportunity
YoY sales has increased 4%
HOLD it for long term
JCHAC Long (Swing)W Pattern on Daily Chart
T1- 1644
T2- 1671
Can move further up so trail after 1671
JCHAC buy if breaks 100 EMASales rise 33.83% to Rs 579.35 crore
Net profit of Johnson Controls-Hitachi Air Condition. India rose 520.53% to Rs 44.43 crore in the quarter ended March 2021 as against Rs 7.16 crore during the previous quarter ended March 2020. Sales rose 33.83% to Rs 579.35 crore in the quarter ended March 2021 as against Rs 432.91 crore during the previous quarter ended March 2020.
For the full year,net profit declined 60.37% to Rs 33.10 crore in the year ended March 2021 as against Rs 83.53 crore during the previous year ended March 2020. Sales declined 25.07% to Rs 1646.54 crore in the year ended March 2021 as against Rs 2197.37 crore during the previous year ended March 2020.
Johnsons Hitachi (JCHAC) at Year-Long SupportJohnsons Hitachi (JCHAC) stock is hovering at its year-long support where it has struck multiple times in the past. We are also at the 0.618 retracement from Aug'19 low to Mar'20 peak zone. We are closely monitoring the price action at this level. Any signs of bullishness would be a good time to go Long for a sharp up move. Will post an update on this post as we see something happening in the price of the stock.
Johnson Controls - CMP: 2258 - Bottom OutThe stock has tested support twice at GAP and moved upside. GAS is acting as good support. RSI also moved from the oversold zone. Stock price are very much likely to retrace up to 2375 to 2480 in the near terms.
JCHAC : RSI divergence & Support JCHAC
RSI divergence & Support
Looks good for 25- 30%
With SL of 2000
T1- 2400 T2- 2900
Swing and Intraday: watch for resistance breakoutbuy above 2860 for swing wait for 5 minute candle close
JCHAC - Flag BreakoutJCHAC has shown a breakout from flag pattern.
Target = 2900
Stop Loss = 2400
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