Bullish on Jyothi labs. Do your analysis before entering the trade. Happy trading
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
Lovely setup for breakout This is a fmcg share might not sky rocket but will give good returns
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...
Long Jyothy lab at cmp:- 147 SL:- 130-135(cdaily closing baisi) Target:- 160,170,180
Keep 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.
looks like major level of confluence for Jyothy Labs..If this level sustains, then good move could possible
A strong close above 187 can trigger 50% accumulation and another 50% accumulation when the price closes above 200 for a
low debt org FMCG sector general public 5% of share holding, promoters , fii. mf is 67, 15, 8% mfi
Symmetrical 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 )...