Trendline Breakout in Jai Balaji IndCan we see a strong reversal in Jai Balaji Ind?
A classic Trendline Breakout after Long Consolidation may be on the cards.
Breakout screener:
✅ RSI near 65 and rising
✅ Above EMA50
✅ Massive Volume Spurt
✅ 8+ months of consolidation
Disc: for study, not a recommendation. DYOR
JAIBALAJI trade ideas
200 Dema Touched After 1000 Days !! 🔵 Stock: JAI BALAJI (Weekly)
🔥 Support Revisit: Back to the 200 DEMA after 1000 days
A level that once acted as the launchpad.
Current structure shows an active compression trend (CT) right into this long-term dynamic support.
The chart also aligns below a major supply zone / ATH band, keeping the broader context in check.
📉 No prediction. No call. Just structure, levels, and time-tested zones doing the talking.
JAIBALAJI - VCP Chart Pattern FormationThe stock is forming a VCP pattern, which is a bullish continuation indicator suggesting potential upside.
There is also a significant increase in volume during the handle formation, confirming buying interest.
CMP - 1152
Entry: Above ₹1,175 (breakout level).
Target 1: ₹1,300
Target 2: ₹1,400
Target 3: ₹1,535
Stop-Loss: ₹1,065
Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
JAI BALAJI Company has reduced debt.
Company has delivered good profit growth of 51.1% CAGR over last 5 years
Promoter holding has increased by 2.78% over last quarter.
Sponge Iron
Pig Iron
Ferro Alloys
Alloy Carbon & Mild Steel Billets
Alloy Carbon & Mild Steel Round
TMT Bars
Ductile Iron Pipes
Power
Jai Balaji Industries Limited (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Jai Balaji Industries Limited
Target: RS 1055
CMP: RS 1002.70
ENTRY RANGE: 990-1012
STOP LOSS: RS 985
Disclaimer: I am not Sebi Registered.
JAI BALAJI INDMarket Cap: ₹ 10,048 Cr.
Stock P/E: 26.0
ROCE: 18.3 %
Company has reduced debt.
Company has delivered good profit growth of 21.1% CAGR over last 5 years
Promoter holding has increased by 1.29% over last quarter.
Symmetrical Triangle Pattern Breakout on Daily Time Frame
52 was our Dip Level Buying almost from 12th April 23
Fresh Entry: 645
Target: 800, 900 ++
SL: 560 CB
Remark: Short Term
Disclaimer: Strictly for Educational and Learning purpose.
Jai Balaji IndNet Sales at Rs 1,546.63 crore in September 2023 up 12.94% from Rs. 1,369.38 crore in September 2022.
Quarterly Net Profit at Rs. 201.55 crore in September 2023 up 851.69% from Rs. 21.18 crore in September 2022.
EBITDA stands at Rs. 241.07 crore in September 2023 up 257.41% from Rs. 67.45 crore in September 2022.
Jai Balaji Ind EPS has increased to Rs. 12.79 in September 2023 from Rs. 1.74 in September 2022.Jai Balaji Ind shares closed at 596.30 on October 19, 2023 (NSE) and has given 1,101.01% returns over the last 6 months and 1,333.41% over the last 12 months.
Jai Balaji Industries Limited - Long Setup, Move is ON...#JAIBALAJI trading above Resistance of 79
Next Resistance is at 105
Support is at 54
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Breakout in Jai Balaji Industries Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Trendline BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose