JTEKT INDIA - CMP: 119The stock has given a multi-pattern breakout. We can expect price movement up to 140 in the near term and up to 155 in Mid-Term.
JTEKTINDIA trade ideas
BUY JTEKT INDIAit has formed FLAG PENNANT pattern. we may see 128/145 in coming days. view negated below 107
Break out & retestGood to grab @ CMP Retest already completed. After Break out Successfully Retest.Put Sl below Covered Area.
JTEKT 2yr BreakoutVery strong momentum.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
JTEKT - Inverse Head & Shoulder on MONTHLY chartsSL-80
CMP-96
TARGET-130
DISCLAIMER-Consult your financial advisor
Monthly reversal Bullish Head and Shoulder pattern on JTEKTINDIAMonthly reversal Bullish Head and Shoulder pattern emerging on the monthly chart of JTEKTINDIA.
Daily and weekly rsi above 60 also showing strong momentum in the stock. Currently stock is trading at neckline, if the neckline breaks with strong volumes then we can see big rally in this stock.
Please note this is just a educational information.
Short Term Pick Up ✌✌JTEKT India shows good move in Last Two trading session. Hope it will Continue and Hence Keep on Your Radar.
Head and shoulderDebt free company. Has increased its sales continuously. Last 2 yrs challenging due to covid. Its a japanese company into steering manufacturing. Market leader in india.
Target 140
JTEKTINDIA entered important zone.Now,breakout or respection?Hello traders,
JTEKTINDIA has entered in a important resistance zone with cup and handle formation.
The zone extends from 92 to 99 levels.
As cup and handle is a bullish formation,this will try to break the zone,if doesn't,we can take a short trade.
other details are mentioned in the chart.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
JUST ON THE VERGE OF A BREAKOUT ON A WEEKLY CHARTS!!!JTEKTINDIA: Has consolidated on lower levels and indicating for a big breakout completing inverse head and shoulder formation with a perfect bullish candle on the weekly charts. Can be bought here if the stock surpasses the current levels, with the targets of 145.
