The stock of jyoti CNC Automation Cold be gearing up for a fresh rally. Immediate supports are at ₹ 1,120 and ₹ 1,060. An immediati resistance at ₹ 1,185 which is likely to be broken in a day or two. That break will confirm an inverted head and shoulder pattern on the chart. It will then open the doors for Jyoti CNC Automation Share Price to go up to ₹ 1,300-1,325. From a medium-term percent, it will also also have the potential to take up to ₹ 1,500-1,550 in the coming months.
Video Credit: Gurumurthy K
Traders can go long now ₹ 1,166. Accumulate on Dips at ₹ 1,140. Keep the stop-level ₹ 1,070 initially. Trail the stop-level ₹ 1,190 as soon as the stock goes up to ₹ 1,220. Move the stop-Loss Further up to ₹ 1,260 when the price touches ₹ 1,290. Exit the long positions at ₹ 1,320.
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on May 6, 2025