Jindal Poly - Breakout candidate
Stock has weak fundamentals - this is purely technical play
Weekly Chart
Previously Price had strong resistance @ 200 EMA weekly
That resistance became support and price created double bottom formation @ 200 weekly EMA
Horizontal resistance breakout with higher than average volumes
Stock outperforming NIFTY based on Comparative RS
MACD, RSI and ADX supporting bullish bias
Trade Execution
Buy 900-987 range
Stop Loss below breakout candle low - 855 on weekly basis
Trail with EMA 20 or SuperTrend 10,3 on daily chart
Weekly Chart
Previously Price had strong resistance @ 200 EMA weekly
That resistance became support and price created double bottom formation @ 200 weekly EMA
Horizontal resistance breakout with higher than average volumes
Stock outperforming NIFTY based on Comparative RS
MACD, RSI and ADX supporting bullish bias
Trade Execution
Buy 900-987 range
Stop Loss below breakout candle low - 855 on weekly basis
Trail with EMA 20 or SuperTrend 10,3 on daily chart
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.