JUBILANT FOODWORKS - Time for a pullback recovery trade?

Mar 13

SYMBOL - JUBLFOOD

JUBLFOOD is currently trading at an important support zone of 450-430.

CMP is 440.

I'm seeing a trading opportunity here.

I'm taking long positions in march futures & 460 CE (CMP 5.95-6) both. I will add more position if getting 432-434. My stoploss would be below 425.

I'm expecting a recovery till 470 & 485.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Mar 13

Trade active

CMP 428

Added more position.

Mar 14

Trade active

CMP 445

After adding at 428 yesterday, Future average price 434 & 460 CE average price 4.25

Currently future trading at 447 (~3% profit) & CE trading at 6.10 (~40-45% profit).

Holding with CTC SL now.

Mar 16

Trade active

Booked CE at 7.80 (82-85% in profit).

Future position still open.

Mar 18

Trade active

Holding future position with CTC SL 434.

Mar 19

Trade active

Adding longs in JUBLFOOD 750 CE CMP 3.35

Expecting 2x-3x move in this soon.

Mar 19

Trade closed: target reached

JUBLFOOD 450 CE CMP 6.60
Exactly 2x in just 4-5 hours.

Markets are looking weak so better to book here. Markets are at support levels and may bounce from here but better to book profits.
Booking both CE and future long position.

Profits booked in this trade -
JUBLFOOD 460 CE - from 4.25 to 7.80
JUBLFOOD 450 CE - from 3.35 to 6.60
Future from 434 to 447 - 13 rupees ~ 3%

Mar 27

Trade closed: target reached

CMP 468.80
JUBLFOOD 450 CE CMP is 16
5x from my buying level.