NIFTY 50 WEEKLY TOP GAINERS AND LOSERS FROM CAPITALHEIGHT.

                    NIFTY 50 TOP GAINERS

                 NIFTY 50 WEEKLY LOSERS

TECHNICAL ANALYSIS STOCK JB CHEMICALS & PHARMACEUTICALS LTD

[technical ANALYSIS]

On the weekly chart, JB Chemicals & Pharmaceuticals Ltd. (JBCHEPHARM) has taken support at the 89% Fibonacci retrenchment level and turned higher. Further, a sustained trade above 320 can resume the uptrend taking it higher. On the daily chart, the stock is on the verge of a breakout from a “W” pattern, the neckline is placed at 321 after forming a consolidation base around 280 levels. The stock may be bought in the range of 310-314 for targets of 345-365, keeping a stop loss below 290.

Stock resistance and Support   (weekly)

·       Resistance  1      -  270Support 1       -  245

·       Resistance 2       -   310Support 2       -  227

·       Resistance 3       -  367Support 3       - 179

[FUNDAMENTALS ANALYSIS]

The company’s API manufacturing facility at Panoli, Gujarat has successfully passed periodical inspection by USFDA with two minor procedural observations, company said in release. These observations do not impact continuity of company's business and the company would continue its manufacturing activities in cGMP compliant manner, it added.

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