JBCHEM & PHARMA under consollidaiton. Day close is bullish mode. Target 1889
Jb Chem once breaks out of triangle, should blast inline with other chemical companies. Sl should be 1690
JB Chem was in downtrend for quite sometime. Today the stock has given a good trend reversal candle. Low risk setup
Hello traders, I am sharing chart pattern of JB Chemicals on 1Hour timeframe with you. Traders the stock formed a triangle pattern and given the breakout. Now we have to wait for the retest on the resistence or on the trendline which will make support for it!
price dont want to go down,bounce back from support good for swing .
Distribution Schematic #2: Wyckoff Bearish thr is a probability that it may move up to form better LPSY
1600 zone strong support possible trend reversal from this zone if 1920 levels are broken, then 2200+
Jb Chemicals & Pharmaceuticals Limited trading inside a channel pattern. Also there is Bullish MACD crossover today
Breakout from resistance of 1803 with good volume . Relative Strength is STRONG, with good support at 1700. Chemical Sector is strong now. It's heading towards 1950 then 2100 in short term and 2250 then 2400 in medium-long term. #TrendIsYourFriend
JBCHEPHARM is looking for a great buying opportunity after forming consolidation & has descending channel on 4h timeframe. TG expecting to reach at 2500.
Stock is in long term uptrend Price near Trendline and 50 MA Support. Hammer candle on Daily Chart High Volume today with Very high delivery percentage (Check NSE Website) Entry and SL on Chart.
JB chemical looking good on chart . expecting 12-15% upmove in next few days
Stock has been taking supports and resistance from this trend line from a long time. Inverted Head and Shoulder in the making. Triangle Breakout.
Levels mentioned on chart. SL based on daily closing. (DCB)
JBCHEPHARM down trend breakout down next target arrive
JBCHEPHARM Has retested the BO level of 1775 . A positive momentum candle is yet to appear which is the risk but there is no momentum downward candle this week. Entry 1790 Stoploss 1730 tgt 1900 Risk reward 1:2
A good stock performs like going upword consolidate then breakout again upword ...
FLAG BREAKOUT Moving average in support MACD crossed RSI positive