LONG on J KUMAR INFRA for Long Term:Breakout on Monthly ChartJ KUMAR Infra reached an ATH of 448.50 in Oct 2015 and then corrected approximately 30% to reach a low of 65.05 In Mar 2020. It had resumed its uptrend in Apr 2020 forming a triangular pattern. In the month of June 2022 it successfully broke out of traingle pattern rising reaching a high of 349. Since then it was in a correction phase, falling approx. 30% meanwhile.
The Stock has again resumed its upward journey since Mar 2023, meanwhile forming a higher high and higher low pattern.
Potential upside: 70% to 100%
Stop Loss: 275(daily closing basis).
