Wedge Breakout of 7 Month long Consolidation in Jubiliant IngravHi,
NSE:JUBLINGREA has given a clear Bullish breakout of 7 months long consolidation on weekly charts with very good volume. MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market senario I am expecting that the bullish momentum will continue.
Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Jubiliant
Jubilant Food - Potential Bullish Scenario The price rebounded strongly from the support zone with a high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the second leg upwards. This seems like a good time to accumulate.
The targets which I am looking at:
Target 1: 3178
Target 2: 3307
Always use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
JUBILIANT INDUSTRIES LOOK GOOD...➟ Everything on Chart !!!! ➘
📌 I have found 15 new patterns on the charts. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
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✮ Disclaimer ✮
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Jubiliant life sciences breakoutJubiliant life sciences took major support multiple times and has given breakout.
It can retrace a little or rally without retrace... Sl is little higher 100 points at 680 initially and can trail it to 30 or 40 later on... I feel it's a best buy backed by Jhunjhunwala pick...
JUBILANT ABOVE AND BELOW BREAKOUT & BREAKDOWNPlease remember alwys buy fresh levels if movement is already touch the levels then leave. Dont trade on that levels.
Always eat fresh fruits.
THIS IS PURELY FOR STUDY PURPOSE.