JSFB trade ideas
JSFB CMP 465.With the attractive PE stock trading at valuation price.In this correction phase stock was trading in a range of 52 week low and IPO price.Every year stock ROE increasing.every year net profit also increasing.Last session candle and RSI show price strength.For coming days we can add this to wachlist for a swing trade.For the target of 550 and next 600.........650.I am not a sebi registered first study your own.All risk reward is your own.Thanks.
52 week low1) Yesterday, stock created a 52-week low today given the surprise move.
2) 363 its lower level and get a bounce from these levels
3) Closely observe this chart 📊 and take notes 📝 on volume buildups.
4) very low volume in stock during its bearish mode call downtrend
5) Now look at today's volume, looking like a rocket filled with ⛽ fuel to reach the target 🎯 today only. (I'm not recommending, just expressing what I look for in a chart.)
EMA 21 395
EMA 50 416
EMA 200 503
EMA 9 394