subbulearnings

JublFood Short Idea(See Description below)

Short
NSE:JUBLFOOD   JUBILANT FOODWORKS
Timeframe : Daily

Reasons:
1) Range bound in monthly and weekly chart.
2) In day chart making HH for upward move in range.
3) Perfect candidate to form Double top near 1530 range.
4) Double top neckline 1250.
5) If DT neckline broken can go till 973 which is coinciding with weekly and daily support.At max can go till 920(monthly support).

Short @ 1530
Stoploss @ 1580 to 1600

Target 1: 1250(neckline)
Target 2: 973(if neckline is broken)

Note: Setup invalid if weekly close is above 1600.



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