Technical Analysis and Trade Setup: SJS Enterprises
SJS Enterprises
CMP: 636
This stock has been in correction mode for some time now. On Friday, it broke out of a small range and trend line, but the breakout will be confirmed only if it closes above 655.
Once the trade becomes active, the stop loss will be set at 585. The targets will be 745, 840, 890, and 970+.
Refer to the chart provided to see the support and resistance levels, their flips, and the logic behind the trade.
Feel free to share if you found the analysis helpful.
CMP: 636
This stock has been in correction mode for some time now. On Friday, it broke out of a small range and trend line, but the breakout will be confirmed only if it closes above 655.
Once the trade becomes active, the stop loss will be set at 585. The targets will be 745, 840, 890, and 970+.
Refer to the chart provided to see the support and resistance levels, their flips, and the logic behind the trade.
Feel free to share if you found the analysis helpful.
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