JUBLINGREA trade ideas
Jubilant Ingrevia LTDJubilant Ingrevia LTD
Showing Good Momentum
Just Crossing its 50 day SMA
RSI: 63 Levels good time to enter
Breaking out from its Consolidation Phase and expected a good uptrend in the upcoming days
Support and Resistance levels shown
1st Target: 671.60
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9962 668555
JUBLINGREA LONG technical analysisOn 1D Time Frame,
1) took support at 0.5-0.618 fib level.
2) formed inverted head and shoulder and also gave a breakout + retest of neckline.
3) On drawing the Fibonacci tool from last swing high and swing low, we can take 0.5-0.618 fib level as initial target and 1 fib level as the final target. (marked in the chart)
4) Also, taking support of 50 EMA.
SL- 530
Target 1 - 700 approx.
Target 2 - 835.
Jublingrea1. Chemical sector started doing well recently after ease of pressure on raw material supply.
2. Stock is forming positive RSI divergence on daily charts.
3. Volumes are high on green days and low volumes on pull back. Indicates buying interest.
4. Forming box. Which shows consolidation.
5. Promoters have bought stock around same level.
One can go long after breakout of box with first target of 700. SL: 575 DCB.
NSE:JUBLINGREA
Jubilant Ingrevia Ltd (Long)Given breakout above trendline
Support at 515
Buy near 534
Breakout above 574
TGT 613 - 670 - 765
Broken 200 EMA on daily chart with good volume
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before invest.