Jyoti CNC Automation – Bullish Recovery Setup
Jyoti CNC Automation – Bullish Recovery Setup
Jyoti CNC is showing a positive recovery after consolidating near the ₹970 zone. The latest bounce indicates renewed buying interest, while the rising price structure supports a bullish bias.
🔎 Technical View:
• Holding above ₹970 support
• Higher-low structure intact
• Price recovering with buying interest
• Rising trend structure visible
• RSI near 62 → positive zone
🔑 Key Levels:
• Support: ₹970–₹922
• Major Support: ₹893–₹816
• Resistance: ₹1,048–₹1,080
• Major Resistance: ₹1,125
🚀 Targets: ₹1,080 | ₹1,125 | ₹1,202+
📉 Risk: Below ₹970, weakness may extend toward ₹922/₹893.
📈 View: Bullish above ₹1,048; sustained breakout may support further upside.
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊