JYOTIRES - Soon to give a breakout
As per my analysis #JYOTIRES is getting ready for a next leg up and soon to breakout of its all time high. Nice risk to reward setup is being formed. Weekly setup Aug 19th week's candle is a bullish looking candle and had a great volume as well. This candle can be considered as a support level and it looks like it has been holding the price well and now the price is consolidating in a tight range which can be explode soon for the first target of around 1650-1670 price range and next target would be around 1800. Once the breakout happens successfully, predicting that the price might go upto 2640 and above range, but that would take a long time. SL around 1360-1365 would be nice.
THIS IS NOT A BUY SELL RECOMMENDATION, IT IS JUST FOR EDUCATIONAL PURPOSE ONLY.
THIS IS NOT A BUY SELL RECOMMENDATION, IT IS JUST FOR EDUCATIONAL PURPOSE ONLY.
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.