JAYSREETEA - HIGHER TOP HIGHER BOTTOM PATTERN
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TECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120.
FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits can also led to rerating further in the stock.
BUT IT WILL TAKE SOME TIME .
Target:118( Short term)
Stoploss: 97 (Closing Basis)
Target:180 (Medium term)
Stoploss : 97(weakly closing)
FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits can also led to rerating further in the stock.
BUT IT WILL TAKE SOME TIME .
Target:118( Short term)
Stoploss: 97 (Closing Basis)
Target:180 (Medium term)
Stoploss : 97(weakly closing)
Dagangan aktif
Nota
Buy 70% now and rest 30% near 102-103 to make R:R in your favor for short trades,Medium term should buy 60% now and rest 40% after the breakout of 120 levels.
Dagangan ditutup secara manual
Exit at cost taking a lot of time, will enter if breakout happens
Penerbitan berkaitan
Penafian
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