Jubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value.
The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels.
However, this is a very risky stock to invest and the next strong support is deep near 390-400 levels. One can try to buy the dip near 425 for a better risk reward .
Note:-Idea has been shared for educational purposes and should not be considered as a recommendation.
The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels.
However, this is a very risky stock to invest and the next strong support is deep near 390-400 levels. One can try to buy the dip near 425 for a better risk reward .
Note:-Idea has been shared for educational purposes and should not be considered as a recommendation.