Jayshree Tea - Something is brewing
A lot of the tea stocks seem to be close to breaking out. Jayshee tea has an inverted head and shoulder pattern.
Its on the verge of breaking out.
Volumes also seem to be picking up over the last couple weeks. Additionally the stock has crossed over the 200WEMA.
Long with target of Rs. 85 with a SL at 67.50. (Short term target 76)
Ps: Only enter above 70.75 subject to market being in the green, as i am expecting some correction this week. So allocate sizing accordingly.
Its on the verge of breaking out.
Volumes also seem to be picking up over the last couple weeks. Additionally the stock has crossed over the 200WEMA.
Long with target of Rs. 85 with a SL at 67.50. (Short term target 76)
Ps: Only enter above 70.75 subject to market being in the green, as i am expecting some correction this week. So allocate sizing accordingly.
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