bullish jb chemicals and pharma look at the stock has break out from ascending triangle pattern beautifully and retested it taken good support
very good price to enter long in this stock
immediate target is 790-800, and continue longs with the stoploss of swing lows
present stoloss is 750 on closing basis
JBCHEPHARM trade ideas
J.B. Chemicals & Pharma | IH&S Pattern Spotted.- JBCHEPHARM formed an IH&S pattern in continuation Bullish Run.
- Usually this pattern occurs when market bleeds and shows the reversal signs.
- This pattern can formed in continuation rally, which shows the momentum is good with the stock.
- I'm adding some buy bid here and laddering them till the neck line.
- Keeping stop loss below the formed shoulder and target = height of head.
Good R:R Here.
might take lil time, but i clearly see it hitting 510.My SL is 435!
Risk Reward is very good! Keep an eye!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.