JM Financial looks very solid on charts. Made double bottom on Monthly charts, now at crucial resistance level. Massive volumes with strong RSI. Can be a good BUY opportunity above 115 levels for 50% returns in short to mid term.
Fundamentally very strong stock with both MF and FII raising their stakes.
The analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
The above analysis is purely for educational purpose. Traders must do their...
64 is crucial level for JMFinancial to save. if not saved on monthly closinb basis then too much pain ahead.
big fall may be buying opportunity. level for buying later
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.
JM Fin has ben following the ascending triangle pattern for the past two weeks, the possibilities for a breakout is high and can go as high as 110 and keep a stop loss at 89,
NSE:JMFINANCIL
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 !
CMP 111
TGT 125/140/150++
SL 102
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...
Nice DIAMOND PATTERN Formation in *JM FINANCE* Weekly Chart
Target 150
Note my analysis is only for educational purposes, Feel free to give your suggestions on my analysis
JM FINANCIAL WILL GO TO 120-130 RANGE IN SOME MONTHS, IT MIGHT CONTINUE TO SUSTAIN IN THE ZONE FOR SOMETIME, CAN CONSIDER THIS STOCK AS A MID TERM INVESTMENT. LONG TIME BREAKOUT. FUNDAMENTALLY STRONG TOO.
