Formation of a descending triangle, in case it breaks the neckline, i.e. closing below 1135, Sell: 1134, Sl:1200, Target: 1000. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
JUBLFOOD STANDING ON STRONG SUPPORT @ 50 MA ON 1 DAY CHART.
UNTIL AND UNLESS ITS BREAKS 50 MA SUPPORT WITH HIGH VOLUME IT WILL TAKE THE SUPPORT AND
AND STUCK IN A RANGE BETWEEN 1440 AND 1456 IN 5 MINUTE CHART. UNABLE TO BREAK 1440 A STRONG SUPPORT
No naked trade. Use strategy
Buy 1700 call , Buy 1700 put .
Buy 1700 call , sell 1850 call .
Buy Dec future , sell 1700 call.
Lot size is 500 ,
Manage risk : This stock has high movements (around 80-100 rs),
so even lot size is less ,big price movement gives high risk.
Don't over ...