JUBLINGREA - Breakout of Triangle
Updated
JUBLINGREA on the weekly timeframe has broken out of the triangle pattern last week and this week so far we have back-tested the upper trendline of the triangle and held it successfully.
As long as we hold 540 level, we could see the stock moving towards 700
Below are the levels to note imo
CMP - 586
Expected upside move
T1 - 615
T2 - 645
T3 - 670
T4 - 700
Stop loss - losing 540 on daily closing basis
As long as we hold 540 level, we could see the stock moving towards 700
Below are the levels to note imo
CMP - 586
Expected upside move
T1 - 615
T2 - 645
T3 - 670
T4 - 700
Stop loss - losing 540 on daily closing basis
Trade active
Took an entry today as it was the best risk/reward ratio imo. If SL hits, will take small hit
If you like my work and would like to appreciate, then give me a follow me on X (formerly Twitter)
x.com/adkis7
x.com/adkis7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.