"JSCL Bullish Baise Above 17.10
Our Prefrence: As long as 17.10 is sustained as support buy JSCL with Target at 18.22
Alternative Scenario: Downside breakage of 17.10 will call for 16.25
NOTE: JSCL is facing a strong resistance at 19.10-19.30 area and this time it have taken reversal from 19.19 after completing a half moon formation and have came out of its upward channel. 17.10 is sustained on its intraday 38% retracenent level. MACD and Stochastic are indicating a reversal pattern.
Intraday Supports and Resistance:
| S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
| 16.83 |
17.05 |
17.19 |
17.41 |
17.55 |
17.77 |
17.91 |
| Mid S3-S2 |
Mid S2-S1 |
Mid S1-PP |
Mid PP-R1 |
Mid R1-R2 |
Mid R2-R3 |
|
| 16.94 |
2.36 |
17.12 |
17.48 |
17.66 |
17.84 |
|
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3 COMMENTS
John Doe
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