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Jayaswal Neco looking super bullish with big Monthly Candles
JAYNECOIND - Has been trading in the channel for the last 6+ months, the stock has taken support at the bottom of the channel yet again and is showing clear signs of going for its next swing. I see an upside of up to 27% I checked the fundamentals and they look decent.
JAYNECOIND Jayaswal Neco Industries Limited stock having Open price equal to Low which is used to find stock having positive trend for short term.
BUY - JAYASWAL NECO IND CMP - Rs. 39 Target - 1: Rs. 50 Target - 2: Rs. 59 Target - 3: Rs. 70 SL - Rs. 31 . Timeframe - 2 months - 6 months . Technicals - Consolidation Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
Multiyear breakout, potential target 72. Do your research.
Range breakout with decent volume Above EMA 40 RSI above 60 and rising Favourable risk reward ratio
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...
NSE:JAYNECOIND Cmp : 31.15 Closing Above 32.5 will give a good Move. #Study, Learn & Earn