Jupiter Wagons Limited - A very Short term spike expected

5 de jan.

JWL - Technical Analysis Update 🚀📈

Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM)

Key Indicators:

• Parabolic SAR: Buy signal triggered 🟢
  
• Moving Averages: Crossover at ₹323.20
  
• MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76
  
• Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet)
  
• %R: -14.14, touching upper baseline
  
• Fisher Transform: -0.01 (Fisher), -0.59 (Trigger)
  

Market Outlook:

The stock shows potential for upside 📈, especially with the recent big order win.
Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation.

Trading Targets:

First Target: ₹350.90 🎯
Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level)

Caution:

High volatility expected. Enter for short-term trades 🔍.
High P/E ratio above 50. Short-term positions advised.
Keep an eye on market opening movements for further clues.
Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔

Conclusion:

Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️





Disclaimer:

General Information Only: This analysis is provided as general market commentary and does not constitute investment advice. It is provided for the information purpose only.

Not a Recommendation: The information provided does not take into account your individual investment objectives, financial situation, or specific needs. It should not be relied upon as a recommendation or an offer to buy/sell or as a solicitation of an offer to buy/sell any security or financial instrument.

Accuracy and Completeness: While care has been taken in gathering the data and preparing the analysis, there is no guarantee of its accuracy or completeness.

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Past Performance: Past performance is not indicative of future results.

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9 de jan.

Trade ativo

Target one has been breached So therefore, those who wish to book partial profit can do that Otherwise, short term growth still visible.

19 de jan.

Trade fechado manualmente

Position closed.