The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place. Breakout and Retest has happened - level - 162. As per the Technical pattern, target of minimum 236 is seen. As mentioned in charts, My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
Forming double bottom fundamental are good may huge potential but environment not favrable
Stock have potential to move further because its have volume confirmation and price movements with sound fundamentals
Technical Overview: 1. Breakout and Retest of Ascending Triangle: JTEKTINDIA's weekly chart displays a compelling technical pattern, namely an ascending triangle. The recent breakout followed by a retest of the upper trendline signifies potential bullish momentum. The ascending triangle is typically a continuation pattern, suggesting the likelihood of an...
JTEKTINDIA daily trendline breakout with good volumes for swing target of 167 and 193.
The stock had witnessed a five wave impulsive rise in March 2023 which went on till Aug 2023. The impulse drove the price of the stock up by 76% from March bottom. This phase was then followed by a three month long correction(zig-zag or ABC) leading to a 50% retracement of the gains made during the impulsive wave. Now that the corrective phase is over, the stock...
JTEKTINDIA Technical Analysis in daily time frame. Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
JTEKT India is a subsidiary of JTEKT Corporation, a global leader in the automotive and industrial machinery industries. The company has been operating in India since 2001, and is headquartered in Bangalore. JTEKT India provides a wide range of products and services, including automotive parts, industrial machinery, and engineering services. The company has over...
Forming a nice setup in the weekly and monthly charts Has given a BO of the Gann box level Weekly MACD cross over with volumes
multiyear breakout momentum trades with volume spikes
CMP 127.95 | Rounding bottom breakout | High volume | Possible to make new life time high | Resistance near 130-131 *Not recommendation
Entry around 98.85 StopLoss = 95.55 Target 1 = 104.20 Target 2 = 112.20 If you like my ideas please do like them. Happy Trading :)
Chart Explains everything More Pain in Still coming days.
Taken support twice at 97. Buy between 97 - 99. Tgt 123 - 139. SL 85 (small SL can be 90) this stock is expected to move up. Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
NSE:JTEKTINDIA Notice the idea here is to clarify that patterns do work, but how to understand the history is much more important, this chart literally screams back at you to go for the trade...
Great breakout after long consolidation of months D - Invested + added today huge Quantity , hope for strong trend going forward, happy trading.
Showing Bullish Divergence and looks good above 115 looks good for the target of about 8-10 %
35-123 Now on sell. People what you think about this? NSE:JTEKTINDIA