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Today's Stock idea is : Jagson Pal Pharmaceutical Ltd.
It's a Technical Pick.. so let's go to Charts directly
This is a Monthly Chart showing a Long term upward channel with a Long term Rounding Bottom, or a Inverse Head and Shoulder formation. The Price is breaking out from the Long term Resistance or the Neckline on this chart and Next resistances are clearly visible.
This is a Daily Chart showing The Price is breaking out from the Long term Resistance or the Neckline on this chart, it's a big Range channel over a Long period. Above the Resistance line now and showing expected possible targets. Will be happy to see 55 - 61 - 68 levels on this stock soon.
Recommendation:
BUY JAGSON PAL PHARMA LTD. in the Range of 45-42 with a stoploss of 38 and Take Profits of 55 & 61, Sustaining above 61 will bring 68 also.
These are all Technical Views which are based on Daily Charts, indicating any price movement towards the Targets will take time and it is not expected to move in a Single day. So Do not enter with speculative bets in the trade. These recommendations are purely for Investment purpose.
Follow Strict Risk Management Before Entering the Trades and Consult your Investment Adviser for guidelines. "Do not jump in the trade" without considering the risk.
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst May or May not have trading positions or Investments in suggested Instrument, The Trade is Long Term and the Analyst may recommend the trade to his clients time to time for short term trading. short term reversal trades May be advised in this duration and it will be according to the charts.
The Analyst is a SEBI Certified Investment Adviser and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
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