Jyothy Labs has formed an inverted head and shoulders pattern. And with a very bullish volume, it has already given a breakout. Wait for a pullback and enter.
Educational purpose only - Trade at your own risk.
We can go long in Jyothy Labs with so many confirmations.
Entry- If it Comes for Retest Enter @ 163 levels else enter above 170 levels with good confirmation.
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis &...
Jyothy Labs Limited is an Indian Fast-moving Consumer Goods company that was started by M. P. Ramachandran in Thrissur, Kerala, in 1983. It was founded as a proprietary concern, manufacturing and marketing a single fabric care product, Ujala.
Technically it breaks Strong resistance trendline and retested Successfully
Buying at cmp 168
with CLBS 135
Tgt 185 200...
Stock has been making string of higher highs and higher lows.
Reversal from Golden Fibonacci levels of 61.8% in April
Cup and Handle formation break out
Swing : Levels mentioned in the chart
Intraday : Good above 171 if doesn't open gap up
JYOTHY LABS LTD
This is how they define themselves:
In 1983, one man’s dream gave birth to Jyothy Labs in Thrissur, Kerala. MP Ramchandran had one goal: touching and bettering lives with innovation. From manufacturing and selling a single product to a household name in the category, Jyothy Labs has come a long way. With a turnover of about Rs ....
Best Opportunity For Swing Traders💕
Level Mentioned On Chart.
After Consolidation Stock Is Ready For Go
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🔺BO On Daily Time Frame
🔺BO On Weekly Time Frame
Daily chart showing HEAD & SHOULDER Pattern and resistance at Trendline. Stock is trading above 200 EMA.
Chances are for a breakout. Will have to wait for a week or two in order to understand if the pattern has successfully given a breakout or not.
Educational Purpose and for chart analysis. I am Not a SEBI registered advisor.