Invesys Capital
Invesys Capital

Equity Wealth

BOOK PROFIT IN JINDWORLD AT 662 AS PRICE IS STALLING SINCE PAST 4 MONTHS.
31st January 2018
Exit Price
:
662
Exit Date
:
31st January 2018
Result
:
Book Profit. Price is stalling ahead of Target T2 of 700
Profit / Loss INR
:
669770
Profit Percent
:
669.77%

BUY JINDWORLD AT 80-92 FOR T1-450, T2-700 , STOPLOSS-39
26th July 2016
Symbol
:
JINDWORLD
Exchange
:
NSE
Type
:
EQUITY
Action
:
BUY
Price
:
80 - 92
Target 1
:
450
Target 2
:
700
Stop Loss
:
39
Monthly
Monthly

The stock is from Textile Sector. The company is fundamentally sound with reasonable valuations and profitable operations. On monthly chart the stock has formed Reverse Head and Shoulders pattern with successful breakout .The price patterns successfully clears the resistance of 86 & 87.5. It's trading above these levels . This shows the acceptance of new price by the stock.The RSI also give bullish crossover while the MACD and TRIX indicator also trading above their average which means positive momentum will build up in the scrip.

Quarterly
Quarterly

The chart structure of the stock fits into Dow Theory having rising high and rising low pattern on quarterly charts. The stock is also trading above 10 SMA which is clearly showing the rising trend. After spending the period of five quarters in consolidation zone the stock enters in fresh high zone and is trading and maintaining the level above 91.50.Expect momentum to build and price rise to continue.

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