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
Support at 712. Resistance at 740. Consolidation period will be over shortly. By tomorrow afternoon movement will be seen. It is a long term hold for substantial return
March melt down could not cause much damage to the stock and by now on its own way. Quite above support and no resistance ahead. I will have a target of 1125 by the year end if all goes well
- 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...
