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Jbmatradeanalysis

A NEAR PSYCHOLOGICAL SUPPORT SEEN IN NSE: JBMA AUTO 🔸️A technical analysis of JBM Auto Ltd. (NSE: JBMA), outlining a long-term investment plan with an investment period of 3-5 months. Here's a breakdown of the levels and strategy: ✅️Entry Timing: Wait for the price to either approach ₹1,389 for an optimal entry or confirm an upward breakout. ☑️Entry: ₹1,389.10 🔴Stop Loss: ₹1,352.30 🔰Targets: 🟠TP1: ₹1,449.90 🟡TP2: ₹1,499.85 🔵TP3: ₹1,606.25 🟢TP4: ₹1,681.00 ♻️Holding Period: 3-5 months. 🚰Strategy: Buy near ₹1,389, use stop loss, and book profits gradually at targets. 🔴Disclaimer: I am not SEBI registered. This information is purely for educational purposes and not financial advice. The securities market is subject to market risks; please do your own research... If you like this idea like share amd subscribe @Alpha_strike_reader
NSE:JBMALong
by Alpha_strike_trader
Trade Alert for JBMA (JBM Auto Ltd.)Trade Setup: - Action: Go Long (Buy) - Entry Point: Above 2142.60 - This is the trigger point for initiating a long position, indicating that the price needs to break above this level to confirm the bullish setup. Key Levels: - Fibonacci Resistance Level: 2136.75 - This is a critical level derived from Fibonacci retracement or extension tools, suggesting a significant point of resistance. The price needs to surpass this level to confirm bullish momentum. - Upside Targets: - First Target: 2265 - Second Target: 2428 - These targets provide potential profit-taking points as the price moves higher. Risk Management: - It's essential to have a risk management strategy in place. This includes setting stop-loss levels to minimize potential losses if the trade does not go as anticipated. The exact stop-loss level can vary depending on your risk tolerance, but it should be placed below the entry point (e.g., below the Fibonacci resistance level at 2136.75). Summary: 1. Go Long above 2142.60: Wait for the price to break and sustain above this level before entering the trade. 2. Monitor Resistance: Pay attention to the price action around the 2136.75 Fibonacci resistance level to ensure a clean breakout. 3. Upside Levels: Target prices at 2265 and 2428 for potential profit-taking. 4. Risk Management: Use stop-loss orders to protect against downside risks. By following these guidelines, you can structure your trade with a clear plan for entry, targets, and risk management.
NSE:JBMALong
by ruelfernandes