CMP- 205
SL- 190 (closing basis)
Target- 250-260
20/7/21
-Symmetrical triangle breakout and now retesting
- Stock from 200 level gapped down massively in the past and now symmetrical triangle and gap breakout seen last week with VOL surge
- More than 30% delivery were taken past week
- Parameters positive
-Above major EMA's on weekly and daily
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Medium Term Trade: J Kumar Infra has undergone a mean reversion phase, ready to trend again.
Buy: J Kumar Infra
Last Close: 199
Target 1: 228
Target 2: 240
Stop Loss: 184
Holding Period: 2 Months
J Kumar is forming a volatility contraction pattern
If 205 is taken out with volume expansion we can see it as buying opportunity
All the key points mentioned on the chart itself
Don't take the full position at once
Maybe buy 25% on the initial signal
Add another 50% on confirmation of the signal
Add another 25% on the follow-through of price action
Build your...
JKIL has broken out of a key long term S/R level at 172. Been consolidating and taking support at 172 for 6 months. The consolidation range being 172 to 206. Over 2 yrs, it has been accumulated and offloaded equally on big volume bars. This time around, the time seems to be ripe for a breakout, as many real estate stocks are setting up nicely. First target would...
NSE
