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Rugminik

JUBLIANT PHARMA Levels, swing posed for an upmove of 20%

Long
JUBILANT PHARMOVA LTD (NSE:JUBLPHARMA)  
Rugminik Updated   
NSE:JUBLPHARMA   JUBILANT PHARMOVA LTD
Double Top or Bottom Trend Analysis chartpatternstrading Double Bottom JUBLPHARMA priceaction nifty500 tradingideas trendanalyisis
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doubletoporbottom trendanalysis chartpatternstrading doublebottom jublpharma priceaction nifty500 tradingideas trendanalyisis

1) Monthly - Reversing from Previous low after a proper Double bottom Reversal Pattern.
RSI perfectly moving from oversold to strength of 60+. Mid term investors may look to accumulate at the demand zones with Previous low 270 region as SL for a target of 625+.

2) Weekly shows a good breakout breaking out of an 8 months old stiff resistance,
after having consolidated for solid 7 weeks.

3) As the daily RSI is in overbought zone, one may consider buying at the retest of the trendline breakout at 420 zone or the demand areas marked in green.

Demand zones - Green zone.
Supply zones - Black zone.
Comment:
Monthly also shows an inside candle, so as the stock is moving above 420 area, so Swing target till 510 can be looked upon.
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