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JUBILANT PHARMOVA LTDJUBILANT PHARMOVA LTDJUBILANT PHARMOVA LTD

JUBILANT PHARMOVA LTD

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JUBLPHARMA trade ideas

SWING IDEA - JUBILANT PHARMOVAJubilant Pharmova , a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors. Reasons are listed below : Break of 1000 Resistance : The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum. Consolidation Breakout : The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend. Volume Spike : Increased trading volumes highlight growing investor interest and support the breakout. Engulfing Candle : A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment. Target - 1450 // 1590 Stoploss - weekly close below 1030 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JUBLPHARMALong
by Visionary_Growth_Insights
JUBLPHA S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:JUBLPHARMA
by zenthosh
Jubilant Pharmova Ltd:Here's an analysis of the provided stock chart for Jubilant Pharmova Ltd: 1. **Price Movement**: - The stock is currently trading at 854.85 INR, up by 9.75 INR (+1.15%). - The stock experienced a significant upward movement with a large green candlestick, indicating a strong bullish sentiment. 2. **Support and Resistance Levels**: - **Resistance**: Around 859.50 INR. The stock has tested this level multiple times but has not yet broken through. - **Support**: Around 787.11 INR. This is a previous resistance level that now acts as support. 3. **Moving Averages**: - **EMA (20)**: The stock is trading above the 20-day Exponential Moving Average (EMA), indicating an upward trend. 4. **Volume**: - There was a significant increase in volume during the large upward movement, which suggests strong buying interest. 5. **RSI (Relative Strength Index)**: - The RSI is around 71.41, which is above the 70 mark, indicating that the stock might be overbought and could be due for a correction. Key Takeaways: - The stock is in a strong uptrend but faces resistance around 859.50 INR. - The increase in volume during the upward movement suggests strong buying interest. - The RSI indicates that the stock might be overbought, so a short-term correction could be possible. Possible Actions: - If you are holding the stock**: Consider watching for a breakout above the 859.50 INR resistance level for further gains or a potential pullback to the 787.11 INR support level for adding more. - **If you are looking to buy**: It might be prudent to wait for a pullback to the support level or a confirmed breakout above the resistance level. Always consider your investment strategy and risk tolerance before making any trading decisions.
NSE:JUBLPHARMA
by preemasharma50