Wednesday, February 8, 2017

JKH - FAMOUS FOR SURPRISES.

JKH had many GAP formations right along their price behaviour. Today's price action too displayed that trend, with 145.00 being the open which was a failed support a few weeks ago. The Price closed above that today. The Candle for the day was almost like a formation of a star, not an exact star though. There is still room for the stock to edge up towards 148 and 149, at which point there is some strong resistance to be penetrated. That penetration needs a strong and valid reason, which is not in the public domain at the moment, hence may not happen that easily. Also if we see the price heading upto 148 to 149 that means we are talking of an 8 to 9 rupee move in a matter of 3 days. That too may not be realistic for the price to keep going up without a break. Ideally a pullback is healthy. BUT JKH IS FAMOUS FOR FULL OF SURPRISES.



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