JSCL LONG TRADE

JSCL is in green uptrend channel on Higher TF, since April 2015 on HTF (1W). Presently it is in up-leg of this uptrend channel. This upleg has formed a megaphone formation, the price has rebound from the bottom of the megaphone and has also created a SPRG at previous support level. The T2 has been calculated from top to point of confluences of two trend lines at the top of megaphones.

🚨 TECHNICAL BUY CALL – JSCL 🚨
🎯 BUY ZONE: Rs. 16-18
📈 TP1 : Rs. 19.5
📈 TP2 : Rs. 25.5
🛑 STOP LOSS: BELOW Rs. 13.9 (Daily Close)

📊 RISK-REWARD: High Conviction | 1:4.1
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST THE IDEA IF YOU FIND IT HELPFUL.