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Solid trade idea for Jai Balaji Industries Ltd (NSE: JAIBALAJI)Chart Summary 📊 (as of April 2, 2025) Current Price: ₹139.77 Support Zone : ₹132–₹134 (marked in red on your chart) Resistance Zone: ₹150–₹155 (immediate), then ₹175+ RSI: 49.05 — Neutral, poised for either reversal or consolidation breakout Structure : Sideways consolidation after a strong downtrend; forming a potential base Trade Idea 🛠️: Positional Swing Trade (Risk-Reward Based) Buy Zone ₹138 – ₹141 Stop Loss ₹133.70 (as per chart) Target 1 ₹155 Target 2 ₹175 Target 3 ₹223 (as per chart idea) Risk-Reward ~1:3 (excellent) Why This Setup Looks Good ? 🎯 ✅ Price holding above key support (~₹134) for several sessions ✅ RSI is stabilizing near 50 — ideal for pre-breakout build-up ✅ Volume remains in check — accumulation possible ✅ Reward-to-risk ratio is favorable if SL holds 🔔 Trigger for Entry You can enter gradually in the ₹138–₹141 zone Watch for a break above ₹143–₹145 with volume → confirms breakout Avoid trade if price closes below ₹133 with red candle and volume
NSE:JAIBALAJILong
by MyT_Trader
BANDHAN BANK LONG SETUPTechnical Analysis Chart Observations: Price: Closed at ₹151.53 Candle: Strong green candle, breaking recent resistance Volume: Healthy volume (approx. 4.92M) — confirms price action RSI: 61.59 — bullish but not yet overbought, still room to go Structure : Ascending structure since early Feb 2025 — higher highs and higher lows forming. Key Levels Immediate Resistance L: ₹153.50–₹155 Watch for breakout confirmation Major Resistance : ₹163–₹165 Gap area and previous breakdown zone Support : ₹147–₹148.5 Last consolidation area Strong Support : ₹141.50–₹143 Higher low and volume cluster Trade Setup: 1. Breakout Play Entry: ₹153.60+ (on strong candle & volume) SL: ₹147.90 Target 1: ₹158 Target 2: ₹163+ 2. Pullback Entry Entry Zone: ₹147.50–₹149 SL: ₹144.50 Target: ₹153 first, trail after Additional Chart Insights: RSI is in bull zone (above 60) — shows growing momentum Structure resembles an inverse head & shoulders in formation — bullish reversal pattern Volume spikes seen on bullish days — demand is active
NSE:BANDHANBNKLong
by MyT_Trader
DABUR : Going Long for about 1.25% of the net capitalTook this position for about 1.25% of the net capital. Will consider adding on to the position if price crashes to the lower trendline of the shorter time-frame descending channel. As of now, targeting the high of the HTF channel for a move of about 35% from the entry level. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:DABURLong
by Sniper-Traders
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