JYOTHYLABS potential breakout 7 months long base
Stock trading in tight range near base high
Volatility Contraction Pattern
Low risk entry point
JYOTHYLAB
Jyothy labs can spread ujala after long period of consolidation.Jyothy Labs Ltd. is a holding company, which engages in the manufacture and sale of fabric care, mosquito repellent, surface cleaning, personal care, and incense sticks products. It operates through the following segments: Dishwashing, Fabric Care, Household Insecticides, Personal Care, Laundry Services, and Others.
Jyothy Labs Ltd. CMP is 456.55. The company's Positive aspects are Mutual Funds Increased Shareholding, Consistent Highest Return Stocks over Five Years, Company with No Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, MFs increased their shareholding last quarter and Stocks with High Durability and EPS growth. The Negative aspects of the company are High Valuation (P.E.=47.9), Expensive Performers and Decline in Net Profit with falling Profit Margin.
Entry can be taken after closing above 459. Targets in the stock will be 492 and 516. The long-term target in the stock will be 535 and 552+. Stop loss in the stock should be maintained at Closing below 372.
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Jyothy About to Jump
Jyothy laboratories is a top FMCG company of Inida venturing into fabric care, Home care, Personal hygiene and other popular products like Ujala, Maxo, Margo, EXO etc. Market cap of Jyothy is Rs 6885 Cr. Entry in the stock can be taken after closing above 190 levels. The targets will be 199 and 207. Long term target of the stock will be 216 and 222. The stock is a long term investment idea. Stop loss should be maintained at Monthly closing below 165.
Jyothy Labs BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
breakout stockJyoti resins is a good company with increasing sales and profit on YoY basis and has gives a breakout
JYOTHLAB : BULLS Trying to pull up the Stock.The Parabolic SAR has already given a BUY signal over past 2 days. There is the DOGI Signal which shows the price fight, that will eventually show the Trend. Strong MACD , StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels.
FIBONACCI levels of 223.6 is at breach levels. And if it is breached upwards we get the 2 target levels to focus on. 0.382 and 0.50 are 2 critical levels. There is More Bullish trend in this scrip.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
JYOTHI LABSlooks like major level of confluence for Jyothy Labs..If this level sustains, then good move could possible
JYOTHY LABS - Wait to BUYA strong close above 187 can trigger 50% accumulation and another 50% accumulation when the price closes above 200 for a
