Jindal Photo

• 26 June, 2024 Ruchit Thakur

Jindal Photo

Jindal Photo appears to be a good long-term investment because the stock has surpassed its all-time high and is increasing.

Please analyze Jindal Photo's daily chart and comprehend its structure. As indicated in the chart, Jindal Photo is a strong buy in the 740-760 zone, and it has done well so far, with tremendous upside potential.

Please review the Jindal Photo daily chart. Following its breakout from the 740-760 range, the stock is trading above horizontal resistance and continues to climb. As shown in the graph, Jindal Photo is now experiencing strong demand in the 740-760 price bracket. The expected rise is 950-1000, as shown in the chart below. 

• Jindal Photo is a fantastic long-term investment potential because it has shown a reasonable breakout around the 740-760 level and is now on the climb.
• Jindal Photo appears to be in a strong position on the chart, with room for further growth to 950 and 1000.
• As of now, 740-760 is the finest opportunity to acquire this company because the risk-to-reward ratio was optimal for a cash transaction.
• JIndal Photo broke out of the ascending triangle pattern, and the objective range might be 950 to 1000, based on the design.

Please see the Jindal Photo daily chart for reference. The daily chart shows horizontal resistance and breakout, as well as demand in the 740-760 zone, and the stock is rising after accounting for the high demand in that region.

Please take note of the horizontal resistance and its breach, which resulted in the stock reaching a new all-time high today, signaling a compelling opportunity to buy at the current market price. So far, the stock has followed the chart's upward trend, reaching 950 and 1,000, respectively.

Jindal The photo originated from the rising triangle, and the pattern's current target is between 950 and 1000. The ascending triangle is a chart pattern used in technical analysis. Price movements form a horizontal line at the swing highs and a rising trend line at the swing lows. The two lines make a triangle.

Investors may seek a long-term purchase opportunity in the 740-760 range and capitalize on any dips that occur as the stock is in high demand, perhaps leading to a recovery to the 950 and 1000 levels, showing a solid risk-reward ratio. Use every dip to buy this stock since it has a strong upside potential, and every dip is an opportunity to invest.

Investors could buy the stock with cash for a long period and set a stop loss around $690 to achieve price targets of 950 to 1000.

The Jindal Photo daily chart displays both support and resistance. The spot chart depicts each level.

Company Profile: Jindal Photo Limited is currently predominantly involved in the business of making strategic investments in company shares. Jindal Photo Ltd was formed in 1986. It is a subsidiary of 'B.C. Jindal Group'. In 1988, the company began manufacturing color paper as well as color films. The company had been producing and marketing Fuji Hunt photographic chemicals.

JPL established another cutting-edge photographic chemical manufacturing unit in Samba. The company's shareholders approved an investment of up to Rs 125 crore in units of various mutual fund schemes.

 

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