SWING IDEA - JUBILANT INGREVIA LTD
Consider a promising swing trade opportunity in Jubilant Ingrevia, a leading player in the specialty chemicals industry.
Reasons are listed below :
Target - 590 // 645
Stoploss - daily close below 490
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Breakout from Strong Resistance: Successfully breaking through the 500-520 resistance zone after multiple tests, indicating potential bullish momentum.
- Bullish Marubozu Candle: Strong buying momentum signaled by a bullish Marubozu candlestick pattern on the daily timeframe.
- Increased Volumes: Notable spike in trading volumes reflects growing market interest and potential accumulation by investors.
- Breakout from Consolidation: Breaking out of a 7-month consolidation phase, signaling a shift in market sentiment and potential for sustained upward movement.
- Higher High Formation: Consistently forming higher highs, indicating increasing bullish momentum and potential for further gains.
- Trading Above 50 and 200 EMA: Trading above both the 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe, confirming bullish bias and potential for trend continuation.
Target - 590 // 645
Stoploss - daily close below 490
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Trade active:
Made a high of 5.7% ++
Comment:
consolidating