J & K BANK LTD.
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SWING IDEA - JAMMU AND KASHMIR BANK

691
J&K Bank is currently showing several technical indicators that suggest a potential swing trade opportunity.

Reasons are listed below :
  • 105 Zone as Strong Support: The 105 level has proven to be a significant support zone, providing a strong foundation for potential upward movement.
  • Bullish Engulfing Candle: A bullish engulfing candle that engulfed 29 daily candles has formed, indicating strong buying pressure and a potential reversal of the recent downtrend.
  • Sudden Spike in Volume: A noticeable increase in trading volumes confirms the strength of the price move, suggesting strong investor interest and participation.
  • 0.5 Fibonacci Support: The price is bouncing off the 0.5 Fibonacci retracement level, suggesting a healthy pullback and resumption of the uptrend.


Target - 135 // 150
Stoploss - Daily close below 104

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@visionary.growth.insights
註釋
sustaining above support zone, hold!
註釋
sideways, hold!
註釋
near SL!
交易結束:達到停損點
stoploss hit : -11%

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