JUBILANT FOODS.. negative divergence, Short

JUBILANT FOODWORKSNSE

Description

⋅ Nov 15, 2019 4:02 AM

Jubilant Foods is forming negative divergence on dialy charts.
sell at cmp for target of 1580 1560 or for a test of 20 dma. SL 1640

⋅ Nov 18, 2019 7:19 AM

first target achieved :)

⋅ Nov 21, 2019 8:58 AM

looks like it couldnt go up.. time to go lower 1560 1540

⋅ Nov 21, 2019 9:52 AM

Comments

eyefornew

⋅ Nov 20, 2019 6:07 AM

Hello, Thanks for the analysis, do you think it can start a downward more of around 100 points from CMP in next 1 week?

mklives

⋅ Nov 20, 2019 6:13 AM

@eyefornew, not sure since nifty is bullish.. maybe in december series it can

eyefornew

⋅ Nov 20, 2019 6:33 AM

@mklives, Thanks for the quick reply :)

mklives

⋅ Nov 20, 2019 6:54 AM

@eyefornew, holf with SL. u never know u might 100 points this series itself..