JUBLFOOD
JUBILANT FOOD - SWING TRADING PLAN!Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
NSE: Jubilant Food Long / Short for downside Jubilant might see some bounce back to 1400 level before moving towards lower levels.
Possible short near 1400 level for a target of 1318, 1248, 1223, 1177, 1037 & below
Use stop loss above 1440
For short term Long position target around 1400, with stop loss for 1248 or so.
Preferred strategy Short on rise
Channel Pattern Failed Breakout good RRThe Stock has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel could not sustain and trading below the upper Channel. One can short the stock with reasonable SL for the target of 1165 which offers good Risk to Reward Trade. How to handle it please refer my earlier post
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.