Hello Everyone, Today i am here again with a new stock named JM Financial at here you can see that there is a double bottom forming and then one more confirmation inverse head and shoulders and giving breakout of it and giving us a clear buy. Thank you, comment down so i can know on which stock you want to know about also if you get anything special pls follow us...
Stock Name - Jm Financial 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 80
#This is not Buy and Sell recommendation to any one. This is for education...
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...