As clearly seen, stock has completed the inverse head and shoulders pattern on weekly charts and is ready to give a breakout if it breaches the current market price. Fresh position can be taken on these levels with the stop-loss of 85 for the targets of 135 from here.
A clearly visible inverse head and shoulder pattern breakout on daily charts confirmed by the last candle showing the follow up buying in the stock. Stock is expected to be in the bullish trends till the targets of 440, keep a stop-loss of 339 on closing basis.
JTEKTINDIA: Has consolidated on lower levels and indicating for a big breakout completing inverse head and shoulder formation with a perfect bullish candle on the weekly charts. Can be bought here if the stock surpasses the current levels, with the targets of 145.
Stock has completed the inverse head and shoulder pattern formation on a weekly chart and is ready to give a breakout if it breaches the current market price. Targets achievable from here will be 660, with a stop-loss of 420.