Long on JOCIL#JOCIL fundamentally I'm not sure. But looks good on chart.
Will gain momentum once it breaks Inverted Head &Shoulder pattern and monthly parallel channel. (My eyes see H&S pattern, u may see box.)
So Just invest token amount like 5-15% of money allotted for this trade, observe price action - add more once breaks.
If SL hits, u will lose small %of 5% amount only.
That's how to be on winning side.
Don't guess & put all money at a time. Follow strategy.
Put Token amount --> see momentum --> Add more --> book profit at resistance --> book loss if trade fails --> go to other trade.
JOCIL
JOCIL Looks Good!NSE:JOCIL - The chart is self-explanatory.
- Strong Base Has been Marked and Strong Resistance is marked.
- Then Chart been analyzed in 2 parts
1. Previous Behavior - where price touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3).
2. In expected behavior - price is somewhat doing same. Price has already touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3).
Now what? Let see it should go Up or down?
In chart it has been explained what will happen next but let see....
Please note it takes time to analyze such hidden things, One boost from your end will really brings smile on my face.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.