Jindal Poly Films cmp 1011.45 by Weekly Chart viewJindal Poly Films cmp 1011.45 by Weekly Chart view
- Price Band 940 to 985 Support Zone
- Price sustaining closure above Falling Resistance Trendline
- Weekly basis Support is at 842 > 700 > 585 with the Resistance is seen at 1145 > 1281> ATH 1449
- Volumes have spiked out heavily over past few weeks followed by a good breakout above the Support Zone and sustaining closure
- 27 months odd long timeframe Bullish Cup and Handle and it may be considered a faint Head and Shoulder pattern too, as one might interpret with neckline at Support and/or Resistance Zone
JINDALPOLY
LONG ON JINDAL POLY FILMSThis stock gave brilliant breakout after a triangle formation with strong volumes!
risky traders enter as soon as market opens and safe traders should enter after a retest is made on the previous resistance zone as new support zone!
Target and stop loss are marked on the chart
JINDAL POLY FILMSForming an ascending triangle pattern.
Let's wait for a breakout candle above the resistance.
If breaks out above with good volumes, target would be 1200 levels (approx)
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
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NSE: JSWENERGY
CMP: 126
Target: 136+
Target 2: 146++
SL: 126
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 146 in longer time.
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With 💚 from Rachit Sethia