Jubilant Ingrevia is a recently listed company (Demerged from Jubilant Life Sciences) that has given a breakout from a base. It has given similar breakouts in the past since its listing in March. The results that came earlier this week has received a good response in the market.
Jubilant Life Sciences has risen after breaking horizontal resistance and forming inverted Head and Shoulders..looks good for swing.
Consider for long if weekly closing above 1005
Buy above 909 if sustains for an hour
for the target 1200
Sl 821
Disclaimer : This idea is for only educational purpose, please consult your financial advisor before making any trading decision
JUBILANT LIFE is heading for a nice breakout.
It is making a falling wedge pattern.
With a Stop loss of 630 on daily closing basis, one can go long for targets of 1040. NSE:JUBILANT
