NSE:JUBLINGREA Looks Bullish for Short Term on Daily Charts, and Price Crosses 50EMA.
BUY JUBILANT INGREVIA @ Rs 420 Targets Expected are Rs. 490 in the next 20 - 25 days Stoploss placed below Rs. 400
Jublingrea has formed a beautiful upward channel and is rangebound with a buy at low sell at high and sell at high buy at low move. It has pulled towards trend line on low volume.
This is a risky trade as if the lower trend line breaks, the move has come to an end hence I would suggest risking less than what you usually risk at first since risk to reward is 1:5...
All details on the chart.
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The market is a stern master that seldom tolerates the carelessness associated with trades born of desperation.
- Stanley Druckenmiller
NSE:JUBLINGREA is consolidating within a broader range of rs 80. and currently it consolidation in the lower range. One can buy the scrip at Rs. 414 with a stop loss of Rs. 385 on daily closing basis for a target of Rs. 485
Exit the position if the stop loss triggered on DCB.
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JUBLINGREA
LTP : 432.6
Support : 396-440
Targets: 534/601/663/749
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
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BUY - JUBILANT INGREVIA LTD
CMP - Rs. 456
Target - 1: Rs. 593
Target - 2: Rs. 675
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Jubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value.
The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels.
However, this is a very...
it has fallen from channel bottom with good volume and taken support at previous Gap up opening and formed a hammer with good volume. watch out this for breakout/breakdown.
only educational only.
it is already in uptrend but due downmarket sentiments it is behave like sideways but it is preparing for breakout as there is clear cut ascending triangle pattern formation when market sentiments will be good then the breakout will happen very soon
#swingtrade #jubilant
