JKIL (Asc Triangle Breakout)J Kumar Infraproject Ltd (JKIL) has formed an Asc triangle pattern on DTF. The stock could head towards 800, 820 in the coming few days. Also, good volumes can be seen on the DTF. Stop loss can be placed at the low of Friday's closing candle which is 644. Support at 715.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
JKIL
JKIL - Ichimoku BreakoutStock Name - J.kumar Infraprojects 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 330
#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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YR 2022 Idea #58: Long on JKIL This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Flag formation in JKILThe stock of JKIL formed bullish Flag in Daily charts and trading on the verge of breakout, The spike in volume suggests further upside momentum can continue, We would advise to enter above 208 with the SL below 200 for the Target of 224 in near Term. The stocks can reach up to the level of 245-270 price level in mid term.