JUBILANT FOODWORKS LTD in uptrend

Jun 10, 2020

JUBILANT FOODWORKS stock in a uptrend & trading above 50 EMA in all time frames. So stock can be taken for long entry above 1710 as shown in the charts for the next level of 1740. The level of 1740 level is very crucial & tested many times as shown on the charts. Now the Stock in a very bullish mode & also forming the triple bottom patterns. once the stock able to cross the resistance level & well sustain above 1740 then next target level is 1770. So we can say 1800 level can be seen in coming days for the stock.

Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.

Jun 11, 2020

Trade active

High made 1716 not able to sustain above the level of 1710 due to selling pressure. keep an eye ..

Jun 12, 2020

Trade active

Yes it's gap down opening today. but see the charts once it cross the Trend line and hits bull eye. This is great learning for all. As already said keep an Eye. Now it's near high Resistance level. if this breaks it straight way goes to 1770 level.

Jun 21, 2020

Trade closed manually

In this idea although trade failed hit but this is a great learning for us. Look our view is correct but due to sudden market movement the trade failed. But look at the charts the stock made high on 15 june 2020 exactly the level of 1740 & could not cross the major resistance level as mentioned. All traders have to face these kind of movements.