JYOTHYLAB
JyothyLabs has a great structureThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
Trend reversal for Jyothy LaboratoriesJyothy Laboratories is taking support at 200DMA also RSI is crossing above 40.
However I feel the trend should break 369-378 trend chann el to find momentum.
Once it sustains above 378, first target would be 402 and further up move can give next target 425 . There will be some resistance at 402.
Symmetric Triangle on Jyothy LabSymmetric Triangle on Jyothy Lab an it may break either side. But trend is showing good strength on long side.
Trade Long:
Buy above - 381.50
Target 1 - 392.50
Target 2 - 402.00
Stop loss - 373.00
Trade Short:
Short is not possible on this Script, So avoid if the price broken on downside. (Edited)