Jubilant Food - Potential Bullish Scenario
Updated
The price rebounded strongly from the support zone with a high volume and rallied to change the market structure. This strong momentum increased the RSI to the 70-ish level. The price may now consolidate a bit to cool off the RSI, before giving the second leg upwards. This seems like a good time to accumulate.
The targets which I am looking at:
Target 1: 3178
Target 2: 3307
Always use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
The targets which I am looking at:
Target 1: 3178
Target 2: 3307
Always use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Note
Target 1 reached. ✅✅Note
Target 2 reached. ✅✅
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
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