Buy JYOTHYLABS around 450~460 levels For 500~520 target in near term
Buy JYOTHYLAB above 394 T1: 411 T2: 425 T3: 442 SL: 483
Jyothy Laboratories is taking support at 200DMA also RSI is crossing above 40. However I feel the trend should break 369-378 trend chann el to find momentum. Once it sustains above 378, first target would be 402 and further up move can give next target 425 . There will be some resistance at 402.
Symmetric Triangle on Jyothy Lab an it may break either side. But trend is showing good strength on long side. Trade Long: Buy above - 381.50 Target 1 - 392.50 Target 2 - 402.00 Stop loss - 373.00 Trade Short: Short is not possible on this Script, So avoid if the price broken on downside. (Edited)
Good stock for 20-25% returns from current level. Had posted this chart on my twitter account few days back.