Jupiter Wagons Limited - A very Short term spike expected

5 Oca

JWL - Technical Analysis Update 🚀📈

Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM)

Key Indicators:

• Parabolic SAR: Buy signal triggered 🟢
  
• Moving Averages: Crossover at ₹323.20
  
• MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76
  
• Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet)
  
• %R: -14.14, touching upper baseline
  
• Fisher Transform: -0.01 (Fisher), -0.59 (Trigger)
  

Market Outlook:

The stock shows potential for upside 📈, especially with the recent big order win.
Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation.

Trading Targets:

First Target: ₹350.90 🎯
Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level)

Caution:

High volatility expected. Enter for short-term trades 🔍.
High P/E ratio above 50. Short-term positions advised.
Keep an eye on market opening movements for further clues.
Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔

Conclusion:

Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️





Disclaimer:

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9 Oca

İşlem aktif

Target one has been breached So therefore, those who wish to book partial profit can do that Otherwise, short term growth still visible.

19 Oca

İşlem elle kapatılmış

Position closed.