The Jyoti CNC automation stock could be preparing for a new rally. The immediate supports are ₹ 1,120 and ₹ 1,060. An immediate resistance to ₹ 1,185 that is probably broken in one or two days. That break will confirm an inverted head and shoulder pattern in the table. Then it will open the doors so that the price of Jyoti CNC automation shares rises to $ 1,300-1,325. From a medium-term perspective, you will also have the potential to take the stock to ₹ 1,500-1,550 in the coming months.
Video Credit: Gurumurthy K
Merchants can spend a lot of time to ₹ 1,166. Accumulate in falls to ₹ 1,140. Keep the Stop -los in ₹ 1,070 initial. Remove the stop-loss to ₹ 1,190 as soon as the action rises to ₹ 1,220. Move the stop-loss to ₹ 1,260 when the price touches ₹ 1,290. Leave the long positions to ₹ 1,320.
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on May 6, 2025
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