Jbchepharm forming inverted head & shoulder breakout
looking good for short term
entry in pullback near 1550
concentrate if price sustain above 1600
Note*- The views expressed are based on personal observations/opinions. Please do you own research before making any trading decisions.
Cup and Handle pattern has been formed in JB CHEMICALS AND PHARMA breakout above the marked resistance zone will give a good bullish movement.
TP1 - 3000
TP2 - 3100
Stock has formed a VCP with strong RS.
Pivot buy triggered.
Didn't execute the trade due to weak broader markets.
Trading above key EMAs.
Volume dry up on distribution days.
Publishing for my own reference. Not an investment advise.
JB Chemical and Pharma CMP 1741 was first given at 1222 from there it went to upto 1985. Last week at 1698 fresh entry was given now it has already gone to 1741 but still if you have missed it there is another entry option available above 1767 closing. Those who hold it can do compounding. Stop Loss remains same at 1500 as of now. Long Term target 1900-2000+
- sitting quietly on 200 dma
- volumes not yet there, might see another short dip
- low risk trade, can get shaken out if the correction is deep.
- trade taken due to pharma index getting strong.
- wait and watch.
Its a Chart of JBCHEMPHARM in 1D Time Frame
Taking Support from last 15 Days after its Consolidationit will Touch 1800 Levels.its only for Educational Purpose i am Sharing my Views
POSITIONAL INVESTMENT VIEW ON #JBCHEPHARM CMP 1813
JBCHEPHARM LOOKING GOOD CMP 1813 ADD MORE ON DEEP 1760
STOP LOSS 1700 ON CLBS
TARGET - 2000 2100 2200 2300 ++
