JASH trade ideas
JASH LONG TRADE ( Keep It Simple) FYI : Red Line refers to Monthly Trendline(TL) , Blue Line refers to Weekly Trendline(TL), Black Line refers to Daily Trendline (TL)
Jash Engineering( JASH ) Limited is manufacturing wide range of equipment for Water & Sea Water Intake Systems, Water and Waste Water Pumping Stations. Now coming to Technical Analysis of it's chart :
1. Stock has been taking continuous support from blue weekly trendline from past few months.
2. Green color zone initially acted as a resistance zone , then once price broke it , it acted as a support zone and we observed buying in it when price came to this region.
3. Price has been under good consolidation with counter black trendline acting as a resistance ; in past 6 months price never closed above the black line.
4. Using daily charts : Entry : 490; SL : 425( base of support zone ); TGT : 610(previous ATH )
Have a Peaceful Trading!
DISCLAIMER : This is for demonstration and educational purpose only. This is not buying or selling recommendation. We are not SEBI registered.
