Chart has formed a diagonal head and shoulder pattern. It has been moving up since June forming a base in curve structure. Recently started to trade above 200 daily moving average.
formation of chart patterns like higher highs and lower lows good bullish move can be seen further
target1-566
target2-585
target3-616
sl may be kept as 540
Stock Name - Jubilant Ingrevia Ltd
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 580
#This is not Buy and Sell recommendation to any one. This is for education...
Chart -> Jubilant Ingrevia Daily
A wonderful ascending triangle breakout with volume rise has been formed.
CMP:
Targets: 647, 705
Good range: Around 550
SL: 523, daily close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
JUBILENT INGRAVIA STOCK has broke its trendline and resistance too
you can go long in it after doing your own analysis
Entry, SL, Targets has been given in the chart
ONLY FOR EDUCAITONAL PURPOSE..!
Jubilant Ingrevia is looking good on weekly chart by breaking falling resistance trendline and gives a strong close on above that followed by breaking a strong resistance on RSI indicator too we can see a good uptrend resumption form here in this stock.
Cause of long-:
1- Falling resistance trendline breakout.
2- RSI indicator breakout.
JUBLINGREA breaks out from 1 year old falling resistance line. It is also looking like a falling wedge pattern. Initiate long after bullish confirmation. Be cautious of earnings.
