MTF Stock Pick Buy Jyothy Laboratories Ltd For Target Rs. 200 - HDFC Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
MTF Stock Pick Buy Jyothy Laboratories Ltd For Target Rs. 200 - HDFC Securities
TECHNICAL OBSERVATIONS
The attached Daily timeframe chart of Jyoth Labs, which has fell for few sessions after a rise and consolidated and in today’s session it has given a breakout with higher volumes.
The stock has also breached above downward sloping trend line
We observe a formation of bullish pattern on daily and weekly time frame.
The stock is trading above 21 EMA.
Momentum oscillators like RSI and MACD are giving bullish indication suggesting bullish movement for the stock for few more weeks.
The overall chart pattern of Jyoth Labs indicates long trading opportunity. One may look to create positional long as per the levels mentioned above.
Buy Jyothy Laboratories Ltd Up to 3 Months @ Add on dips 165 CMP 174.25 TGT 200 SL 162
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.hdfcsec.com/article/disclaimer-1795
SEBI Registration number is INZ000171337
Above views are of the author and not of the website kindly read disclaimer
