Price Moving In A Upside Channel . Price Touches Demand Zone , Price Consolidating After Touching Support / Demand Zone . Vol Also Showing Positive Strength . If Break 1495 With Volume . Then Buying Opportunity Will Become . Momentum Oscillator RSI , Is Also On Support Levels . If Market Open's Positive Then Wait 1st 15 Min And See If Market Supporting...
Jubilant Life Sciences - 395 by 23rd Mar
NSE:JUBILANT Jubilant given a Ascending triangle breakout on daily chart. There is a resistance at a level of 630 and we can see the stronng support at 561.2 and 532 levels . If stock manage to breakout the same too it will show 726 plus.
Jubilant Life Sciences - 700 by 16th mar
Strong price action break out from descending triangle and then a confirmation back to previous resistance and now moving up to achieve targets of 1252 and 1263. Keep a stoploss at 1229
After a strong big green candle breakout from 1216 levels, this confirmed a uptrend momentum intact and after confirmation of previous resistance as support, it confirms a better risk reward. It shall reach to the next resistance levls of 1250 as per this 30 mins chart. Target: 1250 SL: 1210
Key take aways: 1. Completion of 5 corrective waves 2. All Oscillators are at over oversold conditions 3. Almost no risk to high reward condition. Markets are in down trend but for next couple of weeks a upward rally can be expected in the market due to many short covers in market, which can also support the upward rally of this overheated pizzas. Trade...
WAITING TO RETRACE BACK TO PREVIOUS SUPPORT, WHICH BECOMES RESISTANCE NOW TO CONTINUE THE DOWNTREND AND GET SHORT OPPORTUNITY