JUBILANT PHARMOVA – Educational Technical Overview
(SEBI Reg. INH000019886 | Learning Purpose Only)
The chart shows a clear double-top structure, followed by a breakdown below the neckline, leading to continuous selling pressure. Price is currently taking support near the lower Bollinger band.
🔍 Key Technical Points
Double-Top (Top 1 & Top 2) confirmed with breakdown
Price trading below 20 EMA → bearish sentiment intact
Lower Bollinger band acting as temporary support
Volume stable but no strong buying yet
🎯 Edu Levels
Support Zone: ₹1,020 – ₹1,000
Bearish Targets (Pattern-Based):
• Target 1: Around ₹985
• Target 2: Around ₹955
Immediate Resistance: ₹1,045 – 20 EMA
📈 Summary
Structure is still bearish after the double-top breakdown.
A reversal will require a strong close above the 20 EMA with volume. Until then, the bias remains downward.
⚠️ Educational Purpose Only
— AALGO BREATHS