JMFINANCIL trade ideas
JM Financial Long Term View JM Financial is forming a Symmetrical Triangle and has also given Breakout.
Entry is at 85.50
Target is 192.30
Stop Loss is at 60.50
(Note:- This View is purely based on Technical Analysis and is for educational purposes only, please consult with your financial advisor before taking any trade).
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Descending Triangle
📌 Symbol/Asset: JMF Financial
🔍 Description: Multi-year break out of pattern.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Cup and Handle Pattern BreakoutPlease 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
Long on JM financialThe financial sector doing good with credit cycle turning up. JM financial looks good on chart for long term. Stop loss 60. Might touch 90 and 125.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
A DIAMOND top formation on WEEKLY CHART...A diamond top formation is a technical analysis pattern that often occurs at, or near, market tops and can signal a reversal of an uptrend. It is so named because the trendlines connecting the peaks and troughs carved out by the security's price action form the shape of a diamond.
Targets: To calculate the breakout potential for a diamond formation, take the distance between the highest and lowest point in the diamond formation and add it to the breakout point.
JM FINANCIALHello friends,
Finally Jm financial gives breakout on weekly and dailt chart frame. it looks bullish and can go upto 120 in near future.
One can make long position in it with strict stoploss. Entry above 106. SL - 105. T - 1 = 119 and T2 = approx 150 but it will take time.
Make position as per your risk reward ratio.
This is only for educational purpose, take advice from your financial advisor before taking any position.
Thank you.