JM Financials have shown a consistently rising trend since last 3 months. The script price is likely to achieve targets as marked through the path suggested. The price is satisfying following conditions
1) Price > 50 DMA
2) 9EMA > 50 EMA> 200 EMA indicating rising trend
3) ADX > 25 indicating positive momentum
4) Cup and handle pattern and subsequent breakout has occurred
5) Price above supertrend
6) Targets breakout on Price action resistance, subsequent testing of the support created and onwards rise to the new targets based on Fibonacci are indicated in chart.
This is a academic study and not recommendation to buy / sell.
1) Price > 50 DMA
2) 9EMA > 50 EMA> 200 EMA indicating rising trend
3) ADX > 25 indicating positive momentum
4) Cup and handle pattern and subsequent breakout has occurred
5) Price above supertrend
6) Targets breakout on Price action resistance, subsequent testing of the support created and onwards rise to the new targets based on Fibonacci are indicated in chart.
This is a academic study and not recommendation to buy / sell.
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.