JM Financial Bullish Bias
Weekly TF looks like its retesting the breakout levels
taking support at 21 Day EMA
Retesting happening at lower volume levels
Offering great entry set up for swing long position
On Daily TF the stock has some great volume build up and looks like its poised for an upmove from here
And erstwhile resistance zone is acting as Support zone for the stock
Pullbacks has happened at a very lower volumes
We are also able to see Divergence on the Daily TF where Price is moving Higher High whereas RSI is making a lower low
With all the confluence we observe that the stock is bullish in nature and giving a great entry set up with a Stop loss of 87/86s levels we should aim for Swing Target 1of 120s levels
taking support at 21 Day EMA
Retesting happening at lower volume levels
Offering great entry set up for swing long position
On Daily TF the stock has some great volume build up and looks like its poised for an upmove from here
And erstwhile resistance zone is acting as Support zone for the stock
Pullbacks has happened at a very lower volumes
We are also able to see Divergence on the Daily TF where Price is moving Higher High whereas RSI is making a lower low
With all the confluence we observe that the stock is bullish in nature and giving a great entry set up with a Stop loss of 87/86s levels we should aim for Swing Target 1of 120s levels
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