CHART -> Canfin Homes DAILY SETUP
As seen per charts, there are few things to note:
1. Jubilant Ingrevia was trading under a trendline and in the downtrend. Recently it broke the trendline, telling the downtrend may be over.
2. From last few days it has started trading in a small upmove channel.
3. Today it has given a close above 200 DMA, and that now can act as a support and the stock can start upward journey.
4. RSI was also lying below a bearish trendline for quite some days, RSI is also now above the trendline.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
As seen per charts, there are few things to note:
1. Jubilant Ingrevia was trading under a trendline and in the downtrend. Recently it broke the trendline, telling the downtrend may be over.
2. From last few days it has started trading in a small upmove channel.
3. Today it has given a close above 200 DMA, and that now can act as a support and the stock can start upward journey.
4. RSI was also lying below a bearish trendline for quite some days, RSI is also now above the trendline.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.