A new ATH and breakout from the resistance/supply zone 416-485 levels with insane volumes.
A consolidation of almost 10 months. between the supply & demand zone.
Now it shall sustain above these levels. It is trading above all its key moving averages.
As per the trend based fib 650 - 780 - 945 are the levels that can be tested if sustained.
The previous...
A bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:JINDALPHOT
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a...
JINDAL PHOTO has formed a VCP pattern after a good impulse move, after a good time correction, I think it is ready to move again, also all holding companies such as #JSWHL, #PILANIINVS, #NSIL, #BFINVEST are showing good strength and are near their all time high pivot zone. Do look at these names.
Ideal Stoploss is 330.
*DISCLAIMER*
This analysis is only for...
In the Weekly Chart of JINDALPHOT ,
we can see that, it has given Triangle breakout.
Let it retest and then enter with SL and Targets.
Expected momentum is shown in chart.
NSE:JINDALPHOT has a nice, copy-book rounding bottom formation.
It has the following properties in the chart:
A perfect Rounding Bottom formation.
A perfect ascending triangle formation.
Buy above 420 with a SL to the neckline of the rounding bottom (i.e. 400). Below that the SL can be revised to 394.
![JINDALPHOT: About [ edit ] Incorporated in 1986, Jindal photo Ltd is engag](https://s3.tradingview.com/9/9R9dQNDh_mid.png "About [ edit ] Incorporated in 1986, Jindal photo Ltd is engag")
