JINDAL PHOTO LTD Clean Breakout
Updated
The idea here is about JINDAL PHOTO LTD.
mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Broken out of Downtrend channel with good volume (NSE).
2. Gartley Pattern completed with entry point confirmed.
3. Support established on 50 & 20 EMA & trading above 200 EMA on weekly chart.
4. Strong Kumo breakout & kumo twist on daily chart (Ichimoku Cloud).
5. RSI is at 52.24 on a weekly Chart.
6. MACD crossed above signal line.
7. Hull Moving Average is a Buy Signal on Daily,weekly & monthly chart.
8. Price may retest the breakout point.
Projected targets as per Gartley pattern provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then please follow my profile for more analysis.
Cheers.
mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Broken out of Downtrend channel with good volume (NSE).
2. Gartley Pattern completed with entry point confirmed.
3. Support established on 50 & 20 EMA & trading above 200 EMA on weekly chart.
4. Strong Kumo breakout & kumo twist on daily chart (Ichimoku Cloud).
5. RSI is at 52.24 on a weekly Chart.
6. MACD crossed above signal line.
7. Hull Moving Average is a Buy Signal on Daily,weekly & monthly chart.
8. Price may retest the breakout point.
Projected targets as per Gartley pattern provided in the chart.
Stop Loss: provided on chart.
Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then please follow my profile for more analysis.
Cheers.
Trade active
Target 1 = 250 Achieved.
Disclaimer
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