JTEKTINDIA on the riseJTEKTINDIA can give 25% return on short term. Currently it is in buying range from 169-175
JTEKTINDIA trade ideas
JTEKT INDIA - Weekly and Monthly VCP with a 6 year old breakout.The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place.
Breakout and Retest has happened - level - 162.
As per the Technical pattern, target of minimum 236 is seen.
As mentioned in charts,
My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
High risk reward tradeForming double bottom fundamental are good may huge potential but environment not favrable
May blast happenStock have potential to move further because its have volume confirmation and price movements with sound fundamentals
In-Depth Analysis of JTEKTINDIA (NSE: JTEKTINDIA)Technical Overview:
1. Breakout and Retest of Ascending Triangle:
JTEKTINDIA's weekly chart displays a compelling technical pattern, namely an ascending triangle. The recent breakout followed by a retest of the upper trendline signifies potential bullish momentum. The ascending triangle is typically a continuation pattern, suggesting the likelihood of an upward price movement.
2. RSI Breakout:
The breakout observed in the Relative Strength Index (RSI) adds strength to the bullish case. RSI is a momentum oscillator, and a breakout above a key level can indicate a shift in momentum favoring the bulls.
3. Trade Execution Strategy:
Entry:
Consider entering a long position at the current market price (CMP) of 170. This entry aligns with the breakout and retest scenario of the ascending triangle pattern, indicating a potential upward price movement.
Stop Loss Placement:
Place a stop loss at 126. The stop loss is strategically positioned to allow for price fluctuations while providing protection against adverse market movements.
Target Setting:
Set a target of 211 (Target-1) and 254 (Target-2). These targets are identified based on the ascending triangle's projected move, considering the height of the pattern.
Risk Factors and Considerations:
1. Confirmatory Price Action:
While the technical setup is promising, await confirmation through sustained bullish price action. Confirmatory signals, such as continued higher highs and higher lows, strengthen the trade thesis.
2. Market Conditions:
Be mindful of broader market conditions and potential external factors that may impact the stock or market sentiment.
3. Continuous Monitoring:
Regularly monitor the trade for any changes in the technical setup or unforeseen market developments. Be prepared to adjust the strategy based on evolving conditions.
Conclusion:
JTEKTINDIA presents a favorable technical setup with the breakout and retest of an ascending triangle pattern. The trade is initiated with a comprehensive risk management strategy, acknowledging potential risks and uncertainties. Confirmatory price action is essential for validating the bullish scenario. Continuous monitoring and adaptability are crucial for a well-informed and dynamic trading approach.
JTEKTINDIA daily trendline breakoutJTEKTINDIA daily trendline breakout with good volumes for swing target of 167 and 193.
Wave 3 in JTEKTINDIA can kickstart a 60% rally in the stock!The stock had witnessed a five wave impulsive rise in March 2023 which went on till Aug 2023.
The impulse drove the price of the stock up by 76% from March bottom.
This phase was then followed by a three month long correction(zig-zag or ABC) leading to a 50% retracement of the gains made during the impulsive wave.
Now that the corrective phase is over, the stock has slowly started making minor waves to the upside to unfold a major wave 3 that can be projected going towards the INR 210-220 zone(55-60% from CMP).
The stock closed at a +4.26% gain on Tuesday's session alongside massive uptick in volumes - signs of fresh buying.
CMP - 138
SL - 127
TARGET - 220
JTEKTINDIA Technical analysisJTEKTINDIA Technical Analysis in daily time frame.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
38 % of rise rise expected in this share according to me 109JTEKT India is a subsidiary of JTEKT Corporation, a global leader in the automotive and industrial machinery industries. The company has been operating in India since 2001, and is headquartered in Bangalore. JTEKT India provides a wide range of products and services, including automotive parts, industrial machinery, and engineering services. The company has over 5,000 employees in India, and has established a strong presence in the country. JTEKT India is committed to providing quality products and services, and is focused on innovation and customer satisfaction.
this share is buy from here spot 109
for more wsup me 8459 22 0202
JTEKT IndiaForming a nice setup in the weekly and monthly charts
Has given a BO of the Gann box level
Weekly MACD cross over with volumes
JTEKT India Ltd rounding bottomCMP 127.95 | Rounding bottom breakout | High volume | Possible to make new life time high | Resistance near 130-131
*Not recommendation
JTEKTINDA Trade SetUpEntry around 98.85
StopLoss = 95.55
Target 1 = 104.20
Target 2 = 112.20
If you like my ideas please do like them.
Happy Trading :)
JTEKT INDIA LTD (Long)Taken support twice at 97.
Buy between 97 - 99.
Tgt 123 - 139.
SL 85 (small SL can be 90)
this stock is expected to move up.
Please correlate yourself also on charts. this is for educational purpose only. must consult with your financial advisor before investing.
JTEKTINDIA And Love For Triangles NSE:JTEKTINDIA
Notice the idea here is to clarify that patterns do work, but how to understand the history is much more important, this chart literally screams back at you to go for the trade...
Postional Idea Great breakout after long consolidation of months D - Invested + added today huge Quantity , hope for strong trend going forward, happy trading.
Showing Bullish Divergence and looks good above 115Showing Bullish Divergence and looks good above 115 looks good for the target of about 8-10 %
