Long
JYOTHYLAB trade ideas
Likely to break current Resistance Statistical Brief
High / Low₹ 166 / 110
ROE15.0 %
ROCE17.8 %
Debt to equity0.08
Return over 1year35.5 %
EPS₹ 5.43
Free Cash Flow₹ 376 Cr.
Sector Trend
Positive on Weekly Chart
Stock Trend
Positive on Weekly Chart
Pattern
↓Head & Shoulder
Jyothi labsLovely setup for breakout
This is a fmcg share might not sky rocket but will give good returns
JYOTHLAB : BULLS Trying to pull up the Stock.The Parabolic SAR has already given a BUY signal over past 2 days. There is the DOGI Signal which shows the price fight, that will eventually show the Trend. Strong MACD , StocRSI parameters, and the recent pullback show that if the trend continues for the short term, we can see the Scrip hitting the two target levels.
FIBONACCI levels of 223.6 is at breach levels. And if it is breached upwards we get the 2 target levels to focus on. 0.382 and 0.50 are 2 critical levels. There is More Bullish trend in this scrip.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Jyothy Lab 1:3 R:R Long trade Long Jyothy lab at cmp:- 147
SL:- 130-135(cdaily closing baisi)
Target:- 160,170,180
JYOTHILAB ,BREAKOUT ABOVE 150 LEVELKeep this in watchlist overall price structure looks well,volume build up at breakout level of 150 indicates stock can give good move in short term.
JYOTHI LABSlooks like major level of confluence for Jyothy Labs..If this level sustains, then good move could possible
JYOTHY LABS - Wait to BUYA strong close above 187 can trigger 50% accumulation and another 50% accumulation when the price closes above 200 for a
1201. w3 burst is pending for 6 months to 9 monthslow debt org
FMCG sector
general public 5% of share holding, promoters , fii. mf is 67, 15, 8%
mfi
#JYOTHLAB symmetrical Triangle Upward BreakoutSymmetrical Triangle Upward Breakout
1. Formation duration is 3 months Approx
2. Volume is reducing
3. More price action near breakout area Point D
4. Will wait how is behave in area Point E with good volume
5. If its up and break the area point E then I will enter with stop loss 5 %.
6. By math predict target could be A-B+D So (143-197+154) = 100 (hypo target ) around 165(Entry Point + 100 predict target) = 265 means, in % like 60 % (not expecting).
7. So my target will be first resistance point X is 200 (21 %) and second is 220 Point Y (33 %).
