JB Chem & Pharma short term analysis JB Chem & Pharma is looking steady, and we can expect upside from here. The level to watch for upside would be 1690. Upon crossing this level, we can expect good upside, and it will face strong resistance at 1795. Upon crossing and sustaining this level, we can even witness upside upto the level of 1943+. On the downside, the support zone is 1605-1535, and imp short covering levels are 1471 and 1392. This view remains invalidated if JB Chem and Pharma breaches 1392 on the downside. All levels are marked in the chart posted .
JBCHEPHARM trade ideas
JB Chem Pharma looking to climb upwards.J B Chemicals & Pharmaceuticals (JBC) is engaged in the business of manufacturing and marketing of diverse range of pharmaceuticals formulations, herbal remedies and APIs. JBC has its subsidiaries namely Lekar Healthcare Ltd and J.B Life Science Overseas Ltd.
J B Chemicals & Pharmaceuticals CMP is 1800.15. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High PE (PE=50.6), MFs decreased their shareholding last quarter, Promoter decreasing their shareholding and Companies not able to generate net cash.
Entry can be taken after closing above 1807. Targets in the stock will be 1843 and 1893. The long-term target in the stock will be 1934. Stop loss in the stock should be maintained at Closing below 1673 or 1625 depending on your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
JBCHEPHARM inverted H&S breakoutJbchepharm forming inverted head & shoulder breakout
looking good for short term
entry in pullback near 1550
concentrate if price sustain above 1600
Note*- The views expressed are based on personal observations/opinions. Please do you own research before making any trading decisions.
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JB Chem Pharm looks Solid Story amid Omicron induced Covid WaveJB Chemical and Pharma CMP 1741 was first given at 1222 from there it went to upto 1985. Last week at 1698 fresh entry was given now it has already gone to 1741 but still if you have missed it there is another entry option available above 1767 closing. Those who hold it can do compounding. Stop Loss remains same at 1500 as of now. Long Term target 1900-2000+