📊 JYOTISTRUC | Bottoming Out Within a Rising Channel?
Jyoti Structures is showing early signs of strength after a rebound from the lower trendline of its rising channel. 👇
🔹 Multiple rejections near ₹40 — clear upper resistance
🔹 Higher lows forming — ascending support trendline respected
🔹 Recent bounce from ₹15 zone with volume uptick
🔹 Currently consolidating near ₹20 – potential coil for next move
If the channel holds, this could lead to a gradual grind back to ₹35+ 💥
🕒 Chart timeframe: Daily
📍 CMP: ₹19.99 (as of May 20, 2025)
📌 Keep this on your radar. Watch for volume and price expansion.
#JYOTISTRUC #JyotiStructures #ChannelTrading #TechnicalAnalysis #TrendlineSupport #StockMarketIndia #PriceAction #ChartSetup #ManinderSinghAnalysis
Jyoti Structures is showing early signs of strength after a rebound from the lower trendline of its rising channel. 👇
🔹 Multiple rejections near ₹40 — clear upper resistance
🔹 Higher lows forming — ascending support trendline respected
🔹 Recent bounce from ₹15 zone with volume uptick
🔹 Currently consolidating near ₹20 – potential coil for next move
If the channel holds, this could lead to a gradual grind back to ₹35+ 💥
🕒 Chart timeframe: Daily
📍 CMP: ₹19.99 (as of May 20, 2025)
📌 Keep this on your radar. Watch for volume and price expansion.
#JYOTISTRUC #JyotiStructures #ChannelTrading #TechnicalAnalysis #TrendlineSupport #StockMarketIndia #PriceAction #ChartSetup #ManinderSinghAnalysis
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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.