Jash Enginering. Watch for a Base Breakout!
Stock: Jash Engineering Ltd.
Chart Pattern: Breakout from a consolidation range.
Key Levels:Entry: ₹655.5
Stop Loss (SL): ₹545.10
Expected T1: 777
Observations:
- Strong bullish momentum with a 10.23% move today.
-Price consolidating and forming a base
-Above key moving averages.
-Resilient in Bearish Market
-Volume spike indicates strong buying interest.
-Strong RSI
-Stock is in an Uptrend.
-Takes Support at 50 and 200 DMA on each pull back.
Risk-Reward: Favorable setup for swing traders.
⚠️Overall Market is Bearish. We are trading against the trend. Risk Management is important. If your Risk Management is poor then please do not trade.
Disclaimer: This is for educational purposes only, not financial advice.
Chart Pattern: Breakout from a consolidation range.
Key Levels:Entry: ₹655.5
Stop Loss (SL): ₹545.10
Expected T1: 777
Observations:
- Strong bullish momentum with a 10.23% move today.
-Price consolidating and forming a base
-Above key moving averages.
-Resilient in Bearish Market
-Volume spike indicates strong buying interest.
-Strong RSI
-Stock is in an Uptrend.
-Takes Support at 50 and 200 DMA on each pull back.
Risk-Reward: Favorable setup for swing traders.
⚠️Overall Market is Bearish. We are trading against the trend. Risk Management is important. If your Risk Management is poor then please do not trade.
Disclaimer: This is for educational purposes only, not financial advice.
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