📊 Jubilant Ingrevia Ltd – Strong Breakout & Trend Reversal
The stock has shown a decisive breakout after a prolonged downtrend, indicating a shift in trend with strong bullish momentum.
🔎 Technical Observations:
• Prior downtrend with consistent lower highs & lower lows
• Base formation followed by sharp breakout
• Formation of higher highs & higher lows (trend reversal)
• Strong bullish candles supported by volume spike
• Momentum indicators entering strong bullish zone
🔑 Key Levels to Watch:
• Immediate Support: ₹700 – ₹670
• Major Support: ₹630 – ₹595
• Immediate Resistance: ₹740 – ₹760
🚀 Upside Targets:
• ₹780
• ₹820
• ₹860+
📉 Risk Scenario:
Breakdown below ₹670 may weaken the bullish structure and lead to downside towards ₹630
📈 Trading View:
👉 Stock has confirmed trend reversal with strong buying interest
👉 Sustained move above ₹760 can trigger further upside momentum
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊