HOW TO FOLLOW ALGO SIGNAL:
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
their is a breakout in jubilant food works i have been tracking this stock for few days now and waiting for this breakout to take palace.
Best stop loss would be below the immediate swing that is at 2240 levels.
Trade with calculated risk, next best entry after retracement at 2319.
Stock of jubilant food is weak on charts & bearish view can be seen. As marked on chart pole and flag pattern has been seen. RSI is also showing negative divergence which is also showing the weakness . Sell below the level of 1860 for the target price of 1815-1810 with the SL of 1885 . So add the stock in your watch list to see the price action movement in the...
JUBILANT FOODWORKS stock in a uptrend & trading above 50 EMA in all time frames. So stock can be taken for long entry above 1710 as shown in the charts for the next level of 1740. The level of 1740 level is very crucial & tested many times as shown on the charts. Now the Stock in a very bullish mode & also forming the triple bottom patterns. once the stock able...
C leg of the correction seems to have been started.
Wave 2 is in completion zone so if wave 2 is completed then the price pattern should respect the trendline which is drawn on the chart. If wave 2 is not completed the we will have to revise the trendline.
If W2 is completed and trendline is not breached then SL can be nearest swing high and one can ride the...