Jupiter Wagons Breakout after consoloidationAfter consolidation breakout with good volumes. GooD move can be expected from here
JWL trade ideas
"Bullish on JWL (Jupiter wagons): A Case on Volume ContractionIntroduction:
I am excited to share a compelling trading idea focused on Jupiter Wagons. In recent weeks, I've observed an intriguing pattern - a significant volume contraction - that often precedes notable price movements. Coupled with improving fundamentals, this presents a promising opportunity for bullish investors.
*Volume Contraction:*
- The chart of JWL reveals a remarkable contraction in trading volume over the past few days. Such volume patterns are often followed by explosive price movements. The market's quietness may be the calm before a potential storm.
*Fundamental Strength:*
- JWL is not only showing technical promise but also bolstering its fundamentals. Just check the drastic change in EPS and sales
*Technical Analysis:*
- Perfect Volume Contraction after a big up move, high relative strength and price above key EMA's support the bullish case.
*Risk Management:*
- To mitigate risk, it's essential to define entry and exit points, set stop-loss orders, and determine a risk-reward ratio that aligns with your trading strategy. My entry point will be when the price crosses Rs.329 and I will take my stop loss when the candle breaches 20 movinf average on the Daily chart.
*Conclusion:*
In the world of trading, combining technical analysis with a strong fundamental outlook can be a powerful strategy. Jupiter Wagons (JWL) appears to offer such an opportunity, with volume contraction indicating a potential price surge and improving fundamentals backing this bullish sentiment. As with any trade, perform thorough due diligence and consider your risk tolerance before taking action.
Remember that all investments carry risks, and it's essential to conduct your own research or consult with a financial advisor before making trading decisions. Happy trading! 📈💼 #StockTrading #Bullish #Fundamentals
jwl Break Outstock is looking good on daily as well as on longer time frame.
Moving in tight range with 50 DMA support on downside near 310-15 and resistance near 350-55 on upside.
I observed indicators turning bullish with volumes spurting.
watchout for the stock if crosses 355 or so it can move towards ATH in short term as well.
Disclaimer - views are for educational purpose only not a recommendation. please ask ypur advisor before investing.
JWL looking good above trendlineJWL looking good above trendline breakout, stock is fundamentally solid and technical is also supporting with huge volume.
Note: Please consult your financial advisor before making any investments.
Jupiter wagons: breakout candidateJupiter wagons is a potential breakout candidate. Keep it on your radar!!
JUPITER WAGONS JWL NSE BULLISHVIEW ABOVE 61 CMP 63JUPITER WAGONS JWL NSE is bullish if 61 holds. Near 52 week high and Multi Year High. Positive Trend. Fresh Breakout.
Disclaimer: Educational purpose only. Not Buy/Sell Reco. Not Sebi Registered.
