JSCL is in green uptrend channel on Higher TF, since April 2015 on HTF (1W). Presently it is in up-leg of this uptrend channel. This upleg has formed a megaphone formation, the price has rebound from the bottom of the megaphone and has also created a SPRG at previous support level. The T2 has been calculated from top to point of confluences of two trend lines at the top of megaphones.
🚨 TECHNICAL BUY CALL – JSCL 🚨
🎯 BUY ZONE: Rs. 16-18
📈 TP1 : Rs. 19.5
📈 TP2 : Rs. 25.5
🛑 STOP LOSS: BELOW Rs. 13.9 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.1
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
🚨 TECHNICAL BUY CALL – JSCL 🚨
🎯 BUY ZONE: Rs. 16-18
📈 TP1 : Rs. 19.5
📈 TP2 : Rs. 25.5
🛑 STOP LOSS: BELOW Rs. 13.9 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:4.1
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.