Let us discuss the technical chart of Jyothy Labs, listed on Indian stock exchnage, with ichimoku indicator.

 

 



 

 

 

 

 

The stock price closed below kump on 207.50 on 11-Aug-2011; thus giving bearish breakout. As a result, we witnessed sharp downfall of the stock price. Still, the price is trading below kumo. So, do NOT buy this stock even after so much correction. 

The resistance is in the range of kumo viz. at 146.80 to 160. So, buy it ONLY when it closed above 160.

Rate this post







Subscribe Updates, Its FREE!

Email ID:



+Admin


Admin December 6, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/12/Jyothi-Logo.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2011/12/Jyothi-Logo-150x150.jpgAdminStock MarketAuto,chart,Draft,Ichimoku,Indian Stock,indicator,Kumo,kump,let,nbsp,nbsp nbsp nbsp nbsp nbsp,stock,stock exchnage,stock price,TechnicalLet us discuss the technical chart of Jyothy Labs, listed on Indian stock exchnage, with ichimoku indicator.               The stock price closed below kump on 207.50 on 11-Aug-2011; thus giving bearish breakout. As a result, we witnessed sharp downfall of the stock price. Still, the price is trading below kumo. So,...Educating Investors

READ  PNB Gilts Ltd. Technical chart | 06-Dec-2011