Jain Irrigation Systems Limited. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Jain Irrigation Systems Limited.

CMP :- 45.55 (25/07/2023)

ABOUT : Jain Irrigation Systems Limited is an Indian multinational company that specializes in manufacturing and providing solutions for agricultural irrigation. The company has grown to become one of the largest irrigation equipment manufacturers in the world. Jain Irrigation is headquartered in Jalgaon, Maharashtra, India.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME)

(CLICK ON ABOVE IMAGE FOR CANDLESTICK CHART VIEW)

OBSERVATION :

The stock has formed a SYMMETRICAL TRIANGLE pattern on a weekly time frame with breakout, if the stock is able to sustain above its breakout trendline & weekly candle closes above 46.50 levels further we can expect the stock to show good upside rally. Expecting the stock to show 15-20 % upside momentum.

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How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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Gujarat Mineral Development Corporation Limited. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Gujarat Mineral Development Corporation Limited. 

CMP :- 185.35 (24/07/2023)

ABOUT :GMDC) is a government-owned company in the state of Gujarat, India. Established in 1963, GMDC is engaged in the exploration, mining, and processing of minerals and mineral-based products. The company primarily focuses on minerals like lignite, bauxite, flourspar, manganese, and other valuable minerals found in the state of Gujarat.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (DAILY TIME FRAME )

(click on above image for candle stick chart view)

OBSERVATION :

The stock has been consolidating in a form of RECTANGLE PATTERN on a daily time frame. Once the stock gets breakout of its Resistance zone & Trading above 186/187 levels further we may see good upside momentum. Expecting the stock to show 15-20% upside rally coming days/weeks. 

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Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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ASHOK LEYLAND LTD. | TECHNICAL ANALYSIS | @priceactiontrader13 | MARKET WALE

STOCK : Ashok Leyland ltd.

CMP :- 181.85 (20/07/2023)

ABOUT : Ashok Leyland Ltd. is an Indian multinational automotive manufacturing company headquartered in Chennai, Tamil Nadu, India. It is a flagship company of the Hinduja Group, one of the largest business conglomerates in India. Ashok Leyland is known for producing commercial vehicles such as trucks, buses, and light commercial vehicles.

TECHNICAL ANALYSIS CANDLE STICK CHART VIEW (WEEKLY TIME FRAME )

(CLICK ON ABOVE IMAGE FOR CANDLE STICK CHART VIEW)

OBSERVATION :

The stock has been consolidating for a long time and in a wide range and this week the stock has been closed above its resistance zone of (177.50) with big GREEN ENGULFING candle which means we can expect  the stock to show good upside rally. Expecting the stock to show (20-25%) upcoming weeks/months.

PIVOT POINTS LEVELS : 211/253/295/338.

Add this stock to your watchlist to understand further price action.

Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

OPEN A FREE DEMAT ACCOUNT

Invest Right, Invest Now

Follow me on Instagram : @priceactiontrader13 for daily updates related to blog.