Trendline and Resistance Breakout
Today JKLAKSHMI stock was picked for BTST purpose. I am picking this stock on various factors.
First and foremost there was a rally from cement stocks due to decrease in raw material price of cement.
Along with that there are few other technical points to pick this stock. Those are
1. Trendline Resistance Breakout
2. Closing above the Resistance.
3. Recent Channel Breakout.
4. Volume Sprut at Breakout levels.
Consider these ideas only for educational purpose. For BTST purpose aim for 2% - 3% target.
For short term trading levels check in the level mentioned on the chart.
First and foremost there was a rally from cement stocks due to decrease in raw material price of cement.
Along with that there are few other technical points to pick this stock. Those are
1. Trendline Resistance Breakout
2. Closing above the Resistance.
3. Recent Channel Breakout.
4. Volume Sprut at Breakout levels.
Consider these ideas only for educational purpose. For BTST purpose aim for 2% - 3% target.
For short term trading levels check in the level mentioned on the chart.
Dagangan ditutup: sasaran tercapai:
target 1 reached