JUBLINGREA Long IdeaJUBLINGREA broken weekly resistance.
Chart shows price is marching towards upside of channel.
It belongs to Chemical Sector of which all stocks looks good.
LongJubilantingrevialong
Long
Jubilant Ingerva nearing the breaking of resistance level Jubilant Ingerva nearing the breaking of resistance level .
It is a slow runner. It had been in the down trend from quite some time.
With it breaking the support, it tried to break in the first attempt and failed to sustain which at this time gives it more probability of crossing the resistance in the second attempt.
With Fibonacci level in place, minimum targets at my personal front are 2 levels up.
I see it at the levels of 586-609-640.
Where it can resist for a while and later might show a cooldown for the next move with levels far beyond.
These only exist if market conditions are intact and are in north direction.
Long