JUBLFOOD - 1 hour chart - Positional trade.
1. Pullback seen from oversold level around 560 where double bottom formation also seen on chart
2. trend reversal doji candle form at double bottom level where uptrend seen on chart
3. Trendline breakout seen at hourly chart at last hourly candle
4. sqzmom indicator seen reversal from oversol at blue line
JUBLFOOD - Weekly bullish.. Long
This week its a bullish engulf, last week ite a hammer and prior week it triee to brk resistant line.. And this week its closed above resistance.. Looking good to take position... Target would be 630,640...
Note:: im not sebi registered. Kindly consider as educational post, plz do ur own analysis before taking position...
Breakout and retest done from an important zone.
Also, there is an inverse Head and shoulders pattern formed before breakout.
It is very good to long at these levels with SL 590
and targets can be aimed at 700, 800 and so on.
JUBLFOODS has prepared a nice Inversed head and shoulder pattern. And also it has broken out of that pattern very convincingly. Also 590-596 was a resistance zone which it had crossed successfully.
LONG position can be taken in this.
SL- 509 ( Ideally SL should be a last shoulder of pattern - but right shoulder is not very clear...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
This idea is a follow-up to JUBLFOOD
You can check the Link to Related Ideas ( Symmetrical Triangle Bo explained with 2 Targets in which 1 is achieved )
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
buy above 576 in intraday
for Swing/positional wait for 1 hour candle close above 576
for swing keep sl below 540, you can also trail it with help of support and resistance
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...