Breakout retest on widening channel. Supply diminishing. Huge Volumes on the upside and lower volumes on the downside. Gap Filled as well. Can go upwards from here. Add !!
With Jubilant foodworks being the star of last week, other counter from same company isn't resting either, this can be a good swing play after a retest is made
ready to breakout up or down
look for the direction of the trend based on current market there is high probability that it will break up side only
hekin ashi showing positive signs only
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Jubilant Ingrevia is a recently listed company (Demerged from Jubilant Life Sciences) that has given a breakout from a base. It has given similar breakouts in the past since its listing in March. The results that came earlier this week has received a good response in the market.
Jubilant Ingrevia - Stock is Trading at bottom of Darvas Box, MACD and RSI showing upward movement, No major volume in downtrend ( Just to fish out weak hands). As soon as it breaks the trendline, it will shoot up.
From the time this company has been carved out from the parent company Jubilant Life in March 202, it has been moving in higher boxes. Darvas has spoken of these boxes and therefore called Darvas Boxes. Not much history, and therefore, difficult to give target and stop loss.
Disclaimer: This is not a recommendation to buy or sell. For education purpose only.
