Long

AmbujaCem, FedBank, Biocon, JubFood - recovery possible

Updated

I'm keeping a close watch on these counters. I think they are headed up.
Already did a quick BTST on Biocon and closed for a small profit.
Being Friday, shall engage with caution. However, I will keep checking for opportunity here.

Note

Biocon trades are doing well. Already 18 points profit per lot since yesterday. Ref to:

Biocon - Wave-I-Wave-II retracement complete?

Note

Entered long AmbujaCem @219.8 (futures price) SL 2190.6

Trade closed manually

Exit AmbujaCem @220.2

Note

Long on Jublfood @2424 (futures price)

Trade closed manually

Closed Jublfood @2460... 36 points in 5 minutes!! Lot size 250... traded more than 1 lot.

Note

.... I meant "36 points in about 15 minutes"

Note

Have been trading long on Ambuja, Jubilant and Biocon ever since this post was published. Very decent profits at small risk since these had already fallen quite a lot.

Federal Bank is still dropping but even that has reached the bottom I think. Shall consider long positions in a bit.

Note

Federal Bank and Ambuja are finally moving the way I expected. I waited patiently... very very patiently... and have very profitable trades in both these plus Jubilant Food & Biocon in futures market

Note

Gained about 300+ points on Jubilant Food on long trades since this chart was posted.

fcsa

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