Jyoti Lab has started running only after consolidation after how long it is forming a flag handball pattern at dear level which is preparing to move it around 380 to around 400
JYOTHYLABS Hourly has trendline breakout/flag and pole breakout. Good to buy at 313 with sl of 304 for targets of 336
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JYOTHI LAB monthly weekly strong breakout from the strong resistance of 235 with an uptrend channel. And also closed above the monthly uptrend channel pivot level. In day retracement level is 271. If it sustains above the retracement level of 271 it will reach the target of 367
#JYOTHYLAB trading above Resistance of 210
Next Resistance is at 245
Support is at 183
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult...
#JYOTHYLAB #chartpattern #breakouttrading #inverseheadandShoulder
>> Clear Inverse Head & Shoulder Pattern Visible
>> High Probability of Breakout on upside
>> Good Strength
>> Levels Mentioned on charts
SWing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur...
Equity positional traders it is clearly evident as per price action, Jyothilab may fetch 20%+ from breakout level 220 to the target of 269 within a period of 6 months. My view only. Do not treat it as recommendation or advice.
In the Weekly Chart of JYOTHYLAB ,
we can see that; after the failure of Cup & Handle, we can expect recovery AND breakout from here.
Expected momentum is shown in chart.
Jyothy Lab is fundamentally great company. Can expect around 35% from CMP. As it is getting to ATH we can hold it for ling term also.
🚨DYOR
🚨SL must, it depend's on your risk appetite
🚨I am not SEBI registered.
Cup & Handle Pattern
#JYOTHYLAB
- Cup & handle pattern BO in Progress
- Volatility & Volume contraction During handle
- At an important Support
- Trading above key EMAs
- Bullish RSI
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Stock Trade Idea levels for 25th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan...
Jyothy labs has been trading along the trendline for quite a long time now. It hasn't formed a new high post the year 2018. Looks like it's heading towards a new high in the coming months. One can trade with trendline being the sl.
