NSE:JAGRAN
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we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Looking for a Weekly Breakout.
Good Volume Buildup.
Target 175 , 210.
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
1)The stock is in uptrend in Monthly and weekly time frames.
2)It is in strong consolidation for about 6 months, the stock looks poised for an up move within the zone.
3)The consolidation is happening at 5 year old resistance zone.
4) The upside possible is confirmed through price action, supportive RSI.
Once the stock takes off 121 level, then one can look...
Breakout happend in jagran prakashan with rising 200 dma and improving relative strength indicator.
Keep your risk and reward ratio according to your own preferances.
This is for educational purpose, do your own research before investing.
JAGRAN -Jagran Prakashan Limited - BUY ACTIVE
Chart Insights : Day Chart
Stock closed at 121 on 22-Feb-24
We can see stock is trying to break the resistance and can expect upside move if its sustain above the resistance.
BUY Active only on top of resistance , it may try to retest the same level in coming day, best buy on retest level & keep monitor for future...
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
This content for only education purpose!
I am not SEBI Register.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Stock Analysis: Jagran has broken the wedge pattern, it is good buy around immediate demand zone as long as it is not breaking the below demand zone expected to reach the target on long term. Let's see
Happy Investing!
its forming inverted cup and handle pattern.. after breakout of 53.60 resistance line .. it will move towards 48.60 and fill the gap on the downside. the it will move toward recent high...
i may be right or may be wrong .. take your own risk and analysis
-- BREAKAWAY-GAP preceded by a valid ROUNDED-BOTTOM pattern formation by more than a year.
-- One-year Accumulation
-- Volume on the gapup day is a lifetime high.
-- Weekly gapup (very rare)
-- Bullish Engulfing pattern
-- Risk : Reward = 1:4
-- Resistance at every level (so be careful)
LTP - 60
Target - 75
Stop loss - 57
