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Arpit Goel

14th Oct · SEBI-Registered Analyst

$JLHL Looking Good For Long Term Due To Strong Trend

The chart of $JLHL shows a strong price action structure, maintaining its uptrend along a rising trendline since early 2024. The stock recently took support near the ₹1450–₹1470 zone, which aligns with both the 100 EMA and 200 EMA, confirming strong dynamic support. After multiple retests of this trendline, the price has now given a bullish breakout above ₹1540 with healthy volume, suggesting renewed buying interest. As long as the stock holds above ₹1500, the momentum is likely to continue toward its previous swing highs near ₹1600–₹1650, while immediate support remains at ₹1470.

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