Kinnari_Prajapati
Education

Is it right time to buy this stock?

NSE:JUBLFOOD   JUBILANT FOODWORKS
The Control Price basically performing as pivot supports and resistance level on this stock. Therefore, the control price target is 1345 above.

You have seen in the chart, how a previous supports or resistance always give twist reaction so, safe first safe target 1339.

As a trader, start profiting booking from 1339 to 1347.

At value low, and excess plotted in the chart between 1293 to 1302.65 are a great range for Investors and Swing trader eye.

If you want to real-time ALERT for trade, just hit LIKE button for NOTIFICATION.
Comment: Still, we did not enter, it's breaking down which will continue to give decline price.
I SAID THIS YESTERDAY

+1 Reply
I have doubt on this... its a consumption driven stock... with Indian consumer consumption spending declining... it will witness more correction and unlikely to rise rather should witnessed much greater correction.
+2 Reply
it is weak
+2 Reply
@rupambose32, yeah you are right. Let me active this call at exact with verification
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3 Dozi candles on a weekly chart, not a good sign. Actually here one can take a short position for the targets of 1200/1160
+2 Reply
Kinnari_Prajapati ShreeGanesh_1991
@ShreeGanesh_1991, you might true but, buying at dip with very small will good act. Yet, at the opening clear vision will catch the first 15min behaviors.
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ShreeGanesh_1991 Kinnari_Prajapati
@Kinnari_Prajapati, too risky. I will go for short from 1324-1332 with a sl of 1345 for the target 1275
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@Kinnari_Prajapati great spotting again!! i got stuck between 1302 & 1339 just recently. These are really crucial levels. But i must 1320 is the real testing level between bulls & bears. Multiple times they have entangled at 1320.
+1 Reply
@DRUVV, Yes but if its breakdown, then you get will bigger spike. It will not move slow as you plotted.
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