Rounding bottom Pattern observed on the weekly chart of Jagran Prakashan with huge volume accumulation. Also, break away gap which is very rare on weekly chart has been observed with a clear decisive breakout. Long positionally for the target of 120.
FIRE AT THIS LEVEL 47.15 FOR 54.50 / 69.00 / 109
HNS patter forming on weekly charts. resistance near 46 levels. confirmation above 46 closing weekly.Initial support can be seen near 42 levels so that can be kept as a stoploss on closing basis. targets 50/52/56/60+. minimum risk reward 1:1
Jagran Prakash_Moving out of Range
Hi, I am a beginner and I am looking to go long on Jagran Prakashan, Please feel free to critique my analysis.
Jagran prakashan breakout above 44, Long only above 44 on closing basis