JWL - Breakout SetupStock name = Jupiter Wagons Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - A
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
JWL trade ideas
JWL - Keep on radarJWL has given symmetrical triangle breakout during last trading session with huge volumes, but the stock is still trading below 350-365 zone where the price has faced fairly strong resistance during Sep, Nov and Dec (2023).
Volumes, momentum and RS appear favourable. Stock can be kept on radar for a short duration swing trade with safe entry above 365 zone and Stoploss @ 347 or below, provided volume expansion remains intact.
"Bullish on JWL (Jupiter wagons): A Case on Volume ContractionIntroduction:
I am excited to share a compelling trading idea focused on Jupiter Wagons. In recent weeks, I've observed an intriguing pattern - a significant volume contraction - that often precedes notable price movements. Coupled with improving fundamentals, this presents a promising opportunity for bullish investors.
*Volume Contraction:*
- The chart of JWL reveals a remarkable contraction in trading volume over the past few days. Such volume patterns are often followed by explosive price movements. The market's quietness may be the calm before a potential storm.
*Fundamental Strength:*
- JWL is not only showing technical promise but also bolstering its fundamentals. Just check the drastic change in EPS and sales
*Technical Analysis:*
- Perfect Volume Contraction after a big up move, high relative strength and price above key EMA's support the bullish case.
*Risk Management:*
- To mitigate risk, it's essential to define entry and exit points, set stop-loss orders, and determine a risk-reward ratio that aligns with your trading strategy. My entry point will be when the price crosses Rs.329 and I will take my stop loss when the candle breaches 20 movinf average on the Daily chart.
*Conclusion:*
In the world of trading, combining technical analysis with a strong fundamental outlook can be a powerful strategy. Jupiter Wagons (JWL) appears to offer such an opportunity, with volume contraction indicating a potential price surge and improving fundamentals backing this bullish sentiment. As with any trade, perform thorough due diligence and consider your risk tolerance before taking action.
Remember that all investments carry risks, and it's essential to conduct your own research or consult with a financial advisor before making trading decisions. Happy trading! 📈💼 #StockTrading #Bullish #Fundamentals
jwl Break Outstock is looking good on daily as well as on longer time frame.
Moving in tight range with 50 DMA support on downside near 310-15 and resistance near 350-55 on upside.
I observed indicators turning bullish with volumes spurting.
watchout for the stock if crosses 355 or so it can move towards ATH in short term as well.
Disclaimer - views are for educational purpose only not a recommendation. please ask ypur advisor before investing.