#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
#stocks #swingtrade #chartanalysis #traderyte
Stock 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....
entry 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.
...
jb chem break weekly trend line with bullish engulfibg candel this is very strong bullish pattern and also rsi above 70 let see what happend next
1st target 2650
2nd target 3045
you can buy on 2250
Disclaimer
take your own decision i make only educational stock analysis
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...
~All the information given in the chart is for the educational purpose only.
~Do your own research before investing.
~This is not my recommendation.
~My recommendation--LEARN MORE EARN MORE.
JBCHEPHARM formed flag and pole. it retraced from lower flag trendline. There is a possibility of breakout. Slight Divergence visible.
possible entry at BO at 1786.
Target : 1874, 1985, min 20% onward
