JM Financial - Positional trade
Big range breakout and retest done.
Increasing volume during breakout.
Good positional trade setup.
Add around 87 with SL below 77 and trial till 117 at least.
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...
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.
