Hello fellow traders, I hope you are all doing well.
Key Observations:
1. Strong Support Zone: JUBLPHARMA has reached a strong zone that previously acted as resistance and could now turn into support.
2. Chart Pattern: A falling wedge pattern is visible, which is typically a bullish reversal signal. We can also see that the breakout has already happened and now the price has come to retest.
3. Bullish Engulfing Candle: On the weekly time frame, we see buying pressure emerging, confirmed by a Bullish Engulfing candle.
4. Entry Point: A good entry could be above ₹1010 for better confirmation of the uptrend.
5. Targets: The potential targets are already marked on the chart as T1, T2, and T3.
As this is my first published idea, I kindly ask you to ignore any mistakes, and I will strive to improve in the future.
Disclaimer:
This is purely an analysis and not investment advice. Please trade with due diligence and manage your risks carefully.
I hope you like my work, Thanks in advance.
Best regards - Anantesh
Key Observations:
1. Strong Support Zone: JUBLPHARMA has reached a strong zone that previously acted as resistance and could now turn into support.
2. Chart Pattern: A falling wedge pattern is visible, which is typically a bullish reversal signal. We can also see that the breakout has already happened and now the price has come to retest.
3. Bullish Engulfing Candle: On the weekly time frame, we see buying pressure emerging, confirmed by a Bullish Engulfing candle.
4. Entry Point: A good entry could be above ₹1010 for better confirmation of the uptrend.
5. Targets: The potential targets are already marked on the chart as T1, T2, and T3.
As this is my first published idea, I kindly ask you to ignore any mistakes, and I will strive to improve in the future.
Disclaimer:
This is purely an analysis and not investment advice. Please trade with due diligence and manage your risks carefully.
I hope you like my work, Thanks in advance.
Best regards - Anantesh
Dagangan aktif
Trade is now active and it has reached T1.Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.