Science of Stock Price Action:
Running a Multi-year Bull market is like climbing Mount Everest
Is Jubilant Life Sciences trying to climb the mountain?
Jubilant Lifesciences stock made a huge Bullish breakout move from 185 to 450 in six months between July 2015 and Dec 2015. The stock since last six months has been establishing a bullish base for itself and now looks set to launch itself again for next round of move.
The base at 285-290 looks quite solid and it's a matter of time that stock makes a big bullish move from here. The stock now has some sectoral behind it too.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers