At a strong support region now. It can reverse back upto levels shown. Nifty could be under selling pressure, a green candle tomorrow can confirm buy above tomorrow's high.
As per my wave analysis, the present move will go down to 700 levels, and then it is the right time to buy for targets above 1000+
This is not any signal or recommendations, this analysis is purely my opinion.
Don't trade on the basis of this forecast, as there is a proper strategy to enter when and if the prices come to 700 levels.. contact me if you want to...
Weekly chart
Cup formation based breakout out with huge volumes.
Target 880 + 0.5 (27) = 1035.
Stop 800.
Aggressive investors can buy 50% now and 50% on any retracement.
Conservative investors can look for a possible retracement towards 900 levels. However chances of missing out prevail.
Jubilant Life Sciences Limited is an India-based pharmaceutical and life sciences company. The Company is engaged in providing basic organic chemicals. The Company's segments include Pharmaceuticals and Life Sciences Ingredients. The Pharmaceuticals segment consists of generics, including active pharmaceuticals ingredients (APIs) and solid dosage formulations; specialty pharmaceuticals (sterile products), including radiopharmaceuticals, allergy therapy products and contract manufacturing operations of sterile injectables; drug discovery solutions, and Indian branded pharmaceuticals. The Life Sciences Ingredients segment includes specialty intermediates, life sciences chemicals and nutritional products. Its geographic segments include Within India and Outside India. The Company's specialty intermediates business deals in approximately 60 commercial products, including Pyridines, Picolines and Cyanopyridines. Its manufacturing facilities are located in Gajraula, Uttar Pradesh.
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JUBILANT
