JBCHEPHARM trade ideas
Strong Support From 200 EMA + Breaking Descending Trendline✅The stock is currently testing a descending trendline that has been acting as resistance since August. A breakout above the 1900 level would confirm a reversal and signal a potential move toward higher levels. Traders should watch for a close above this trendline to confirm the breakout.
✅ The stock has successfully held above the 100 EMA and 200 EMA showing strength and a long-term bullish structure. The EMAs have provided solid support during recent pullbacks indicating that buyers are stepping in at lower levels.
✅ The stock has been consolidating between 1800 and 1900 for the past few weeks forming a base. This accumulation phase typically precedes a breakout as buyers accumulate shares in anticipation of a move higher.
✅ The RSI stands at 55 which indicates a gradual build-up in bullish momentum without being overbought. The RSI has been rising steadily suggesting that the stock is gaining strength and may see more upside if the trendline is broken.
✅Once the stock breaks above the descending trendline the next resistance will be around 2050 where previous highs are located. A successful breakout could push the stock towards 2200, representing a 15% upside from the current price.
Short Term Swing Trading Idea in J B Chemicals for > 10% UpsideHi,
An bullish on-neck Breakout pattern emerged on the Weekly chart of
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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JBCHEPHARM - SWING TRADE - 24th December #stocks#JBCHEPHARM (1D TF)
Swing Trade Analysis given on 24th December, 2023
Pattern: NECKLINE BREAKOUT
- Volume Spike at Resistance - Done ✓
- Retracement & Consolidation - In Progress
Note: There is a Resistance at the Top of the Ascending Channel
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JBCHEPHARM - Ichimoku BreakoutStock Name - Jb Chemicals & Pharmaceuticals Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1620
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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JB Pharma looks ready low risk high reward tradeentry in zones 1500-1480 stop 1430
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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JB CHEMICAL - Chart Analysis || 17th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for JB CHEMICAL
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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