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mmjimm
Dec 13, 2022 7:07 AM

JUBLFOOD Next Down Move started ???? Short

JUBILANT FOODWORKSNSE

Description

Chart looks Prudent for yet another down move !!!

This is in continuation of the idea posted about jublfood few days back...Refer to it... I have attached below the link to it.(under related ideas)

Target and SL levels (dashed lines) mentioned in chart.

Be cautious if it breaks above the resistance line(thin red trend line) of the descending channel down side.


Let's wait and watch!!!


Note- just sharing my view....not a tip nor advice!!!







Trade active

Comment

its right at that thin red resistance line...

Trade active

RESPECTING THE LEVELS !!! BEARS HOLD STRONG!!

Comment

Nearing the target...

Trade active

1st Target done....
be cautious...there is a possibility of quick retracement upside...
if day candle strongly closes out of the red line....better to exit!!!
will update!!!

Comment

travel to target 2 on ?!!!

Trade closed: target reached

Target 2 done!!!
Comments
singh16
nice analysis
singh16
taken position for long let's see
mmjimm
@singh16, hmm.. better go with small quantities....still no signs of up move!!
singh16
going good till now
mmjimm
@singh16, yesss!!! keep going!!!
mmjimm
@singh16, hope u trailed your stop loss!!
singh16
booked some when it crossed 21 Ema, when it breakdown 21 Ema took complete exit
mmjimm
@singh16 that should be the perfect exit!!!
singh16
how do you play downward side, buy puts or write calls?
mmjimm
@singh16, It depends...mostly buy puts and intraday futures !!
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