JAGRAN trade ideas
JAGRAN - Swing trade opportunity 20 % ROI1)The stock is in uptrend in Monthly and weekly time frames.
2)It is in strong consolidation for about 6 months, the stock looks poised for an up move within the zone.
3)The consolidation is happening at 5 year old resistance zone.
4) The upside possible is confirmed through price action, supportive RSI.
Once the stock takes off 121 level, then one can look for 137, 150 for a Mid Term Target.
JAGRAN - BUY ACTIVEJAGRAN -Jagran Prakashan Limited - BUY ACTIVE
Chart Insights : Day Chart
Stock closed at 121 on 22-Feb-24
We can see stock is trying to break the resistance and can expect upside move if its sustain above the resistance.
BUY Active only on top of resistance , it may try to retest the same level in coming day, best buy on retest level & keep monitor for future investment.
Drawn 3 support and 3 resistance levels on chart for entry and exit reference.
Resistance BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
its forming inverted cup and handle pattern. after breakoutits forming inverted cup and handle pattern.. after breakout of 53.60 resistance line .. it will move towards 48.60 and fill the gap on the downside. the it will move toward recent high...
i may be right or may be wrong .. take your own risk and analysis
Multibagger Stock -Jagran Prakashan-- BREAKAWAY-GAP preceded by a valid ROUNDED-BOTTOM pattern formation by more than a year.
-- One-year Accumulation
-- Volume on the gapup day is a lifetime high.
-- Weekly gapup (very rare)
-- Bullish Engulfing pattern
-- Risk : Reward = 1:4
-- Resistance at every level (so be careful)
LTP - 60
Target - 75
Stop loss - 57
Rounding Bottom Pattern and Breakout of Consolidation Rounding bottom Pattern observed on the weekly chart of Jagran Prakashan with huge volume accumulation. Also, break away gap which is very rare on weekly chart has been observed with a clear decisive breakout. Long positionally for the target of 120.