Stock running in correction wave.
Target near 414 (wave c 100% correction)
Stock create good volume base also break resistance.
242,234 good support to create new entry .
Detailed View about this Breakout:
No.of Resistance: 6
No.of Support: 8
Consolidation days : 850+ days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
Key Points:
- 200 DMA playing a major role (refer to the chart)
- Up trending stock
- Trading near to the 52W high zone
- RS positive, momentum is positive
- Trading on support
- Favorable R:R
In the Weekly Chart of JAYAGROGN ,
we can see that; it has created a Decision candle on Support Trendline.
Enter on breaking its HIGH with LOW as SL.
Hold till 443, Book Profit and Exit.
It has corrected from 310 to 210-20 levels. The setup is ripe for adding and holding till it reaches 350. The trendline breakout seems inevitable. we can see this target quickly. The target is moderate. The target can be aggressive once we have a confirmed move above 310.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are...
JAYAGROGN
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
Looks good for a move up at the break of zone plotted
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their...
NSE:JAYAGROGN
The analysis is simple 25 ema crossing 50 ema ( faster ema is crossing slower ema from below ) which is a long signal is mixed with some more technical analysis as you can see in the chart.
The stock has given a good breakout and retraced just like the textbook picture.
Invest only if breaks the resistance and shows good price action (HL and HH),...
JAYANT AGRO ORGANICS as per daily chart analysis after couple of months has broken the downtrend channel. once the stock above 235 level then 250 target is achievable.
