JUBILANT PHARMOVA LTD

Jubilant Pharmova Ltd:

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Here's an analysis of the provided stock chart for Jubilant Pharmova Ltd:

1. **Price Movement**:
- The stock is currently trading at 854.85 INR, up by 9.75 INR (+1.15%).
- The stock experienced a significant upward movement with a large green candlestick, indicating a strong bullish sentiment.

2. **Support and Resistance Levels**:
- **Resistance**: Around 859.50 INR. The stock has tested this level multiple times but has not yet broken through.
- **Support**: Around 787.11 INR. This is a previous resistance level that now acts as support.

3. **Moving Averages**:
- **EMA (20)**: The stock is trading above the 20-day Exponential Moving Average (EMA), indicating an upward trend.

4. **Volume**:
- There was a significant increase in volume during the large upward movement, which suggests strong buying interest.

5. **RSI (Relative Strength Index)**:
- The RSI is around 71.41, which is above the 70 mark, indicating that the stock might be overbought and could be due for a correction.

Key Takeaways:
- The stock is in a strong uptrend but faces resistance around 859.50 INR.
- The increase in volume during the upward movement suggests strong buying interest.
- The RSI indicates that the stock might be overbought, so a short-term correction could be possible.

Possible Actions:
- If you are holding the stock**: Consider watching for a breakout above the 859.50 INR resistance level for further gains or a potential pullback to the 787.11 INR support level for adding more.
- **If you are looking to buy**: It might be prudent to wait for a pullback to the support level or a confirmed breakout above the resistance level.

Always consider your investment strategy and risk tolerance before making any trading decisions.

כתב ויתור

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