Jubilant Ingrevia ltdJubilant Ingrevia Ltd weekly chart breakout with symmetrical triangle Pattern buy on dip first target 590 & Second Target 641...
Jubilantingreviabuy
Jubilant Ingrevia Ltd Trend AnalysisFundamentally price is at its fair value and company is almost debt free with good ROE & ROCE numbers.
Technically price has corrected till FIB golden zone and currently making higher highs and higher lows.
It is moving inside an ascending channel as highlighted.
Expecting the price to bounce from trendline support or the bottom of the channel.
Good to accumulate around 460-500 levels for the following targets:
Short term swing target @ 800 (60% ROI)
Medium term swing target @ 1200 (140% ROI)
Long term swing target @ 1400 (180% ROI)
Long term positional target @ 1750 (250% ROI)
It can go beyond that with improving fundamentals and can only be predicted later on as chart unfolds.
Do your own due diligence before taking any action.
Peace!!
