JAYANT AGRO ORGANICS LTDPanjang
Multi Year Breakout - Cup and Handle Pattern
Jayant Agro Org is involved in the business activities of Manufacture of organic and inorganic chemical compounds.
The stock broke out a multi Year Resistance with good volume. The RSI on weekly chart indicates overbought condition and the stock is expected to retest its breakout levels.
The Company is fundamentally sound. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. Jayant Agro has posted some outstanding results in FY 21 and the same is to be reflected in the stock price. There is a clear reversal on charts.
U can accumulate some qty now or wait for retesting to complete.
Feel free to share your feedback and queries. Don't forget to follow me for upcoming posts
The stock broke out a multi Year Resistance with good volume. The RSI on weekly chart indicates overbought condition and the stock is expected to retest its breakout levels.
The Company is fundamentally sound. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet. Jayant Agro has posted some outstanding results in FY 21 and the same is to be reflected in the stock price. There is a clear reversal on charts.
U can accumulate some qty now or wait for retesting to complete.
Feel free to share your feedback and queries. Don't forget to follow me for upcoming posts
Penafian
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