Go Long in Jubilant For Target 730, 760+. Expected Further stronger move if the rally continues towards the final wave starting point breakout.
1) Director Bought at Value 762 on 19th September 2020
2) Director Bought at Value 792 on 19th September 2020
Total Buying Value of Securities: 15,73,850
Disclaimer: This is my personal view on this...
JUBILANT looks to be trading in a rising channel. It looks to have bounced from the support line of the channel. It can go towards the resistance line of the channel. So the stock can be bought for target of 1000.
A parallel channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line.
The upper trend line marks resistance and the lower trend line marks support.
Channel Line: The line drawn parallel to the main trend line is called the channel line.
A key concept of technical analysis is that when a resistance or support level is...