Consider a promising swing trade opportunity in Jubilant Ingrevia , a leading player in the specialty chemicals industry.
Reasons are listed below :
Breakout from Strong Resistance : Successfully breaking through the 500-520 resistance zone after multiple tests, indicating potential bullish momentum.
Bullish Marubozu Candle : Strong buying momentum signaled...
Jubilant Ingrevia Near 3 year support !!
Jubilant Ingrevia has support working from lasr 3 years.
Support level is around 400
Also one more falling channel is working in the stock.
If volatility comes then we can see falling channel support which is around 290- 300 levels.
That would be the BEST BUY levels !!
Disclaimer : We are not SEBI registered...
Fundamentally price is at its fair value and company is almost debt free with good ROE & ROCE numbers.
Technically price has corrected till FIB golden zone and currently making higher highs and higher lows.
It is moving inside an ascending channel as highlighted.
Expecting the price to bounce from trendline support or the bottom of the channel.
Good to...
hey guys ,
JUBLIENT INGREVIA stock is showing bullish signs ,
This stock was moving in a downtrend for a very long time ,
but now, through the analysis, i think that this stock is starting to move in a UPTREND
the stock was moving in a downtrend , BUT IN A FIXED AREA ,
and now this stock has crossed it's resistance,
and has shown a great bullish candle ....
JUBILANT INGERVA LONG
At 61% of fibonacci and lower end of bollinger bands on weekly basis.
Expecting up move and more strength above 520 levels.
No recommendations, just my view.
Jubilant Ingrevia LTD
Showing Good Momentum
Just Crossing its 50 day SMA
RSI: 63 Levels good time to enter
Breaking out from its Consolidation Phase and expected a good uptrend in the upcoming days
Support and Resistance levels shown
1st Target: 671.60
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