JTEKTINDIA looking good for a swing trade if settled after breakout of a simple trend line. potential (6 to 10 %)
please follow your own risk and reward.
this is not an investment advice.
Best Regards
JTEKTINDIA Find Buying Opportunity Swing Traders
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NSE:JTEKTINDIA
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
JTEKTINDIA looks like a falling comet but it has high financial strength. Yesterday a bullish engulfing candle seen in JTEKTINDIA very close to support range on day chart. Note : for educational purpose only.
Go Long above 107.1 for Targets of 114.45, 121.8, and 129.15 with SL 99.75
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
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.
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