Jubilant Ingrevia - Landing Zone
After a not so good result where they couldn't pass on RM price hikes while mentioning the high acetic prices were still to hit them caused the stock to tank.
Watch or a potential landing zone around 660 (small support) or 610 a much bigger and more logical support.
If the stock bounces around 610 it might make for a good option to start picking on the stock again.
From q4 onwards there will be fresh expansions which will come online + RM prices will start to cool off by then i feel which will bode very well for the companies prospcts.
600 is also a FIBO support level along with being the AVWAP of the entire move thus far.
Again this is subject to seeing a bounce..if it produces more red candles like the one today then it makes sense to wait for a new base to form.
Keep the stock on your watchlist.
Watch or a potential landing zone around 660 (small support) or 610 a much bigger and more logical support.
If the stock bounces around 610 it might make for a good option to start picking on the stock again.
From q4 onwards there will be fresh expansions which will come online + RM prices will start to cool off by then i feel which will bode very well for the companies prospcts.
600 is also a FIBO support level along with being the AVWAP of the entire move thus far.
Again this is subject to seeing a bounce..if it produces more red candles like the one today then it makes sense to wait for a new base to form.
Keep the stock on your watchlist.
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.