JMFINANCIL trade ideas
Breakout in JM Financial Limited...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Weekend pick: JM FinanceChart -> JM Finance Weekly
An inverse head and shoulder breakout in JM Finance.
CMP: 79
Targets: 89, 95 and 102
Good range: Around 73
SL: 67 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
JMFINANCIAL- Ascending Triangle patternNSE:JMFINANCIAL 77.75
1. Strong Consolidation between the 78-55 support range we can call this range as Curve or Rectangle pattern
2. Recent candlesticks formed Ascending Triangle Pattern
3. Breakout at 78.00 level in the chart
4. Strong Volume and Price Buildup in last 6 days
5. Upcoming levels to watch 90 to 110 levels (Resistances)
6. Support at 70 (triangle's lower level or swing low)
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JMFINANCIL - Ichimoku Bullish Breakout Stock Name - Jm Financial Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 80
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Triangle pattern BreakoutA perfect triangle pattern breakout appears in JM Financial.
This is a combination of channel breakout and Triangle pattern breakout.
The confirmation of breakout is given rising of volume with heavy levels.
This stock is for breakout purpose expect 1% - 2% return on the next day.
JMFINANCIL - Ichimoku Bullish Breakout Stock Name - Jm Financial Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 77
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Bullish on JMFINANCILDisclaimer: Take advice from your Financial Advisor before taking trade. This idea shared just for educational purposes only. We do not take any responsibility if you are taking trades based on shared analysis or chart. This is just an idea.
Buying Method (Follow Risk Management) - Keep accumulating till 66 Rs.
Take Stop - 64.50 Rs. (Exit from Trade)
First Take Profit - 72.95 (Exit Half Quantity)
Second Take Profit - 80 (Exit Full Quantity)
Broking sector in focusJM financials
Time frame- Daily
* Cup and handle formation
* Ascending triangle formation
* Breakout above 68.50
* Flat base consolidation
*Resistance - 79.45,94.30
* Short term to Medium term pick
Broking sector is in focus, stocks are buzzing , keep focus on this sector may shine in coming weeks.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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JM Financial is ready for a good moveReasons to buy NSE:JMFINANCIL :
Whenever the stock touches its 50 Moving Average we see a good movement in the stock.
It was consolidating from a long time and now it has given a breakout.
A large volume has been taken in few days by some investors.
Strong Bullish candle can be seen in the chart shows stock is ready for the bull run.