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YES BANK, RELIANCE COMM LTD, BALLARPUR INDUSTRIES LTD., VODAFONE IDEA LTD, SUZLON ENERGY LTD, JAIPRAKASH ASSOCIA
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Analysis is given in chart.
-Clean inverted H&S breakout in Jai Corp.
-Breakout on high volume.
-Bullish cross on MACD.
Not an investment advice. Do your own due diligence.
go long for long term investment..
1. Round bottom breakout
2. Head and shoulder neckline breakout (Inverse)
Entry - 174 and above
Target - 224
Stop loss - 158
Jai Corp Ltd. is in strong buying zone from last 6 months the stock was trading between the range of 113 - 170. on Friday the stock shown bullish movement almost 10% along with good volume. buying can be possible if price maintain to sustain above initial resistance 170 for the target of 200-215 with the stop loss of 148
All the Best......!!!
Shown on chart..
After removing the weak hands out of the stock, the stock seems to be on track to gain further strength in the coming period going ahead. As always maintain a SL!
levels mentioned in the chart
JaiCorp looks like forming a Head & Shoulder pattern as shown in the image. Head to Neckline distance is about 50 points.
Trend Channel was breached and the market tested the channel support again.
Support worked well, possibly indicating an upward movement
given in chart
This stock will double at supporting zone with expected good quarter result, focus on valid fundamentals sentiment for business setup. Its a value pick with small risk.
Accumulating area 80-130
R1 R2 R3 R4 R5 R6 R7
121 124 128 132 135 140 147
S1 S2 S3 S4 S5 S6 S7
112 109 105 100 98 93 86
breakout above its long term resistance 113/115.
any pullback will be used for buying .
target 2 : 1300
Long 5 year breakout, stock successfully closed above above its breakout level i.e.132. Possibility of moving is too much. Considering todays gain looking forward.
Everything mentioned on chart...
Not much to tell- As we break the trendline -we could turn bearish, but be careful once it breaks -it bounces sometimes to fall again.
Abhishek H. Singh, CMT
Prices have been moving in choppy fashion on upside- once rising trendline gets broken-it should show us the direction- which is likely downside.