Jubilant Ind Daily loooking bullishJubilant Ind daily had TLBO with 200 ema support. Good to buy at 524 for target of 766 with SL of 422
Jubilantindustries
Jubilant supportJubilant food is on good long term support line.
Keep an eye.
Add if it sustains this support.
Jubilant Food - Potential Bullish Scenario 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.
Jubilant Industries seems to be reaching its previous high!NSE:JUBLINDS faces resistance at levels of Rs410-420. May not break it through in first attempt.
Highly probable will take a beating at Rs418 level and take support on the lower box area before trying the new highs again.
