As we can see Jyothylab is forming livermore cylinder patterns. next wave is going to be low till the support given in the chart.
It looks good for swing trade.
Financial summary of JYOTHY LABS LTD with all the key numbers
The current JYOTHYLAB market cap is 70.155B INR. The company's EPS TTM is 4.61 INR, dividend yield is 1.31%, and P/E is 41.36. Next...
Jyothylab forms ascending triangle pattern on 1D and 1W timeframe. It has given breakout on daily timeframe. Enter after bullish confirmation. Target is previous weekly high.
JYOTHYLAB | Looks potential for 25-30%
CMP : 190 (Dip : 180)
SL : 170
Target : 235
1:4 risk reward setup
Weekly time frame chart - safe players keep in watch list and take the entry after seeing the Weekly candle close.
If you observe this stock. It has given breakout on weekly TF and entry is activated.
If someone is looking for a positional trading, It is going to be a good trade.
Just observe this trade.
JYOTHY LAB is trading in a range from quite a long time but in the last week it has given breakout in the weekly chart which shows bullishness in the stock with RSI also ranging above 60 and RS equivalent to NIFTY is also on the brink of breakout above 0 line. please keep this stock in your watch list for handsome return in 3-6 months..
Reasons for being bullish on Jyothi Lab:
Rounding bottom breakout. The bottom is created over last one year.
The same level is tested this time thrice, since last one year. So long term resistance level breakout.
Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite).
Friday's candle totally engulfs...
Inverse Head and Shoulders #Breakout (trend reversal) Under Parallel Channel at #JYOTHYLAB (Jyothy Labs Ltd) weekly chart.
BSE: 532926 / NSE : JYOTHYLAB
What Is the Inverse #headandshoulders ?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and...
