JYOTHY LABS LTDIt has crossed the trendline and given breakout ... also taken support near 150. good volume coming in this stock.
BUY @ 150 -155
TGT 170 -180 -187+
SL 140
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
JYOTHYLAB trade ideas
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.
#JYOTHLAB symmetrical Triangle Upward BreakoutSymmetrical Triangle Upward Breakout
1. Formation duration is 3 months Approx
2. Volume is reducing
3. More price action near breakout area Point D
4. Will wait how is behave in area Point E with good volume
5. If its up and break the area point E then I will enter with stop loss 5 %.
6. By math predict target could be A-B+D So (143-197+154) = 100 (hypo target ) around 165(Entry Point + 100 predict target) = 265 means, in % like 60 % (not expecting).
7. So my target will be first resistance point X is 200 (21 %) and second is 220 Point Y (33 %).