Jindal Poly - Breakout candidate
Stock has weak fundamentals - this is purely technical play
Weekly Chart
Previously Price had strong resistance @ 200 EMA weekly
That resistance became support and price created double bottom formation @ 200 weekly EMA
Horizontal resistance breakout with higher than average volumes
Stock outperforming NIFTY based on Comparative RS
MACD, RSI and ADX supporting bullish bias
Trade Execution
Buy 900-987 range
Stop Loss below breakout candle low - 855 on weekly basis
Trail with EMA 20 or SuperTrend 10,3 on daily chart
Weekly Chart
Previously Price had strong resistance @ 200 EMA weekly
That resistance became support and price created double bottom formation @ 200 weekly EMA
Horizontal resistance breakout with higher than average volumes
Stock outperforming NIFTY based on Comparative RS
MACD, RSI and ADX supporting bullish bias
Trade Execution
Buy 900-987 range
Stop Loss below breakout candle low - 855 on weekly basis
Trail with EMA 20 or SuperTrend 10,3 on daily chart
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.