Description
⋅ Jubilant Foodwork has given a channel breakout and also formed Cup & Handle Pattern.
#Current Price - 545
#Expected Target - 651
#Resistance Based Targets
- Target 1 - 557
- Target 2 - 586
- Target 3 - 625
- Target 4 - 651
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 505 (For low risk tradders)
- Target 2 - 480.5 (For risk taking tradders)
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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Trade active
⋅ Target 1 of 557 - Reached
Comment
⋅ Going sideways. Might take more time to reach the final target.
One can book some profit if Target 2 is reached again.