Chart Of The Week ( 24 January 2021)

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 1) Jubilant Life Science Limited (JUBL)-

Click on the chart to enlarge view.


CMP-934.00 RECO-Buy Entry Range-Rs.900.00–950 Target-1250.00/1500.00 Stop Loss- 840.00 Closing basis Duration- 06 to 12 months

*Stock has given a Inverted H & S Pattern breakout on weekly chart and trading near lifetime high on weekly basis.

*If we look at the volume part, significant volume activity is witnessed at the time of breakout.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good up move in Jubilant Life science Limited.

2) Minda Industries Limited -

Click on the chart to enlarge view.


CMP-489.00 RECO-Buy Entry Range-Rs.450.00–500.00 Target-600.00/820.00 Stop Loss-400.00 closing basis Duration- 06 to 09months

*Stock has given a 2.5 years long consolidations breakout on weekly chart.

*If we look at the volume part, significant volume activity is witnessed at the time of breakout.

*Price has also trading all the important moving averages.

*Considering all technical evidences we may see good up move in Minda Industries.

Thanks for reading and kindly let us know if you have any questions.

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