Reasons to buy NSE:JMFINANCIL :
Whenever the stock touches its 50 Moving Average we see a good movement in the stock.
It was consolidating from a long time and now it has given a breakout.
A large volume has been taken in few days by some investors.
Strong Bullish candle can be seen in the chart shows stock is ready for the bull run.
The stock is already take support on the support line and showing a green candle with positive return. So we can take a long position on it by relying below factors like:-
1. Take Support on support Line
2. Big Bullish candle.
3. RSI near oversold position.
JM FINANCIAL CHART LOOKS GOOD !!
IT'S A CUP & HANDLE PATTERN BREAKOUT !
New 52 Week High.
Growth in Quarterly Net Profit with increasing Profit Margin (YoY).
Book Value per share Improving for last 2 years.
Company with Zero Promoter Pledge.
FII / FPI or Institutions increasing their shareholding.
Strong Momentum: Price...