SWING IDEA - JUBILANT PHARMOVA

30 Nov

Jubilant Pharmova, a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors.

Reasons are listed below :

• Break of 1000 Resistance: The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum.
  
• Consolidation Breakout: The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend.
  
• Volume Spike: Increased trading volumes highlight growing investor interest and support the breakout.
  
• Engulfing Candle: A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment.
  

Target - 1450 // 1590
Stoploss - weekly close below 1030

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