JTEKT INDIA - Weekly and Monthly VCP with a 6 year old breakout.

The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place.

Breakout and Retest has happened - level - 162.

As per the Technical pattern, target of minimum 236 is seen.

As mentioned in charts,

My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.

equitytradingindianstocksJTEKTINDIAmonthlybreakoutpriceactionSupply and DemandSupport and ResistanceswingtradingTrend LinesVCPvolatilitycontraction

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