This Stock Has Broken & Sustained Above 20 Years Old Resistance
📊 JTEKTINDIA
✅ The stock has broken a 20-year-old strong resistance (upper trendline) with high volume.
✅ Whenever it used to touch the upper trendline, it would fall by 20-30%, but this year (2024), in the last 6 months, it has tested the resistance 3 times and didn't fall, showing strength in the stock. It already broke the trend on June 14th, but I was waiting for confirmation to see if it was a trap or real. It has managed to sustain above the resistance and is now ready for new higher highs.
🚨 Fundamentally, the company is also good. I have checked the balance sheet and other aspects, and all looks good.
👉 If the stock shows momentum near our target, we will hold it positionally for 400+ targets.
✅ The stock has broken a 20-year-old strong resistance (upper trendline) with high volume.
✅ Whenever it used to touch the upper trendline, it would fall by 20-30%, but this year (2024), in the last 6 months, it has tested the resistance 3 times and didn't fall, showing strength in the stock. It already broke the trend on June 14th, but I was waiting for confirmation to see if it was a trap or real. It has managed to sustain above the resistance and is now ready for new higher highs.
🚨 Fundamentally, the company is also good. I have checked the balance sheet and other aspects, and all looks good.
👉 If the stock shows momentum near our target, we will hold it positionally for 400+ targets.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.