📊 Jyoti CNC Automation Ltd – Bullish Recovery from Support Zone
The stock is showing a strong recovery after a prolonged correction, with price reclaiming key levels and momentum turning positive.
🔎 Technical Setup:
• Strong bounce from support zone
• Price trading above short-term moving averages
• Higher lows indicating accumulation
• Volume improving on upward move
• Momentum indicators firmly bullish
🔑 Key Levels:
• Support: ₹733 – ₹694
• Major Support: ₹677 – ₹635
• Resistance: ₹782 – ₹806
🚀 Upside Targets:
• ₹880
• ₹979
• ₹1,076+
⚠️ Risk:
A close below ₹694 may weaken the current recovery structure.
📈 View:
Sustained move above ₹782 can trigger fresh buying momentum towards higher resistance levels.
For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊