After coming out of the probable low cheat zone 95-103, it went straight to the resistance / supply zone 126-149.
It consolidated there in the zone for almost 28 weeks in 27% range and finally showing strength breaking this base and sustaining there for the 2nd week and that too on good volumes.
95-103 will be the support but now 126 shall also act as good...
Jay Bharat Maruti #Monthly Chart Study
Price is in continuous up trend and moving in a upward channel as shown
It needs to break out of strong supply zone between 130-149 after 7 years with good volume for up-ward journey
This can be added on dips till 94 with SL 79.5 on Weekly closing basis
For Medium Term target 195,270++ which are fib extension levels shown...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge breakout & Flag & Pole
📌 Symbol/Asset: JAYBARMARU
🔍 Description: Stock has given breakout of falling Wedge and now making Flag & Pole pattern
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider...
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion...
Jay Bharat Maruti is trying to breakout falling trendline. Keep on radar for closing above 190. Entire Auto including auto ancillary sector is doing well.
NSE:JAYBARMARU is showing a bullish breakout with the following traits:
A perfect Cup&Handle Patten breakout above 200.
Prior to that an inverted H&S pattern is created.
Buy at 200 with a SL of 194/195.
This stock has given huge breakout with volume and ready to make long time round bottom, if sustain above 200 go for buy for a target 1, 2 & 3 and SL below trendline.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
After breakout from H & S it formed a runaway gap. Now taking support of the runaway gap and forming a range near it. Swing idea will be for the nearest resistance and positinal for above it. Sl is be considered on weekly closing basis. Volume on daily TF is very low on red candles and high on green candles.
