johntradingwick

Jubilant Food - Potential Bullish Scenario

Long
NSE:JUBLFOOD   JUBILANT FOODWORKS
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.
Comment: Target 1 reached. ✅✅
Comment: Target 2 reached. ✅✅

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