JM Financial: 6-Year Breakout with Huge Weekly Volume!
🚀 JM Financial: 6-Year Breakout with Huge Weekly Volume! 🚀
Current Market Price: 119
Stop Loss: 85
Target: 170
JM Financial has achieved a major breakout after 6 years, with substantial weekly volume. The stock recently completed a box breakout above 112 and is now standing above the key neckline at 118, which it broke in September 2018 due to a head and shoulder pattern breakdown.
📈 Strategy: Consider pyramiding as the stock crosses 129 for potential gains.
📉 Risk Management: Use a stop loss at 85 to manage risk effectively.
📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead!
#MarketAnalysis #JMFinancial #TechnicalAnalysis #Breakout #InvestmentOpportunities #StockMarket
Current Market Price: 119
Stop Loss: 85
Target: 170
JM Financial has achieved a major breakout after 6 years, with substantial weekly volume. The stock recently completed a box breakout above 112 and is now standing above the key neckline at 118, which it broke in September 2018 due to a head and shoulder pattern breakdown.
📈 Strategy: Consider pyramiding as the stock crosses 129 for potential gains.
📉 Risk Management: Use a stop loss at 85 to manage risk effectively.
📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead!
#MarketAnalysis #JMFinancial #TechnicalAnalysis #Breakout #InvestmentOpportunities #StockMarket
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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.