NSE:JUBLFOOD takes support around its 50DEMA which is at 1360.... so i will go long around 1360-1370 with stop loss of previous swing low which is 1250.......
aggressive trades can keep Sl at 1340
Very small target for a script like JUBLFOOD, will give lot more than this, if runs like previous result session. one can simply try the CEs till result and exit that day. If found cheap on result day then again buy..
Bullish Shark Pattern is in the making. However, one should only take trade after completion of pattern and not predict beforehand. Risky Traders can initiate short position at levels of 2640-2650 with SL above 2680 for Targets 2300/2050/1900. Too big target but as said should not predict the pattern beforehand, only for risky traders. Upside Target is 2900 with...
Candles - Made bearish engulfing on top
MA- Candles left 10 DMA today (I might be 1 day late posting this)
Next possible support - 2364 ( 50 DMA)
RSI - Negative divergence
Entry : - Below today's low - 2423
T1: - 2398
T2: - 2364
I have observed a nicely formed Diamond pattern which is ripe to give breakout so one put it into their radar and take appropriate action timely. Aggressive trader can short at opening tomorrow as retesting the boarder of the pattern however defensive trader can trade on breakout.
JUBIL FOOD is moving in a BAT formation. Crossed the B level on its last leg up.Took resistance at 618FIB and bouncing between the two FIB Levels.Its finding sup/resistance at every FIB level.
OI Analysis:
Price - UP
Volume - UP (nearly 2 lks high from previous day)
OI - UP (+11.70%)
Market - ** will decide on 27th dec**
If market is positive, then Jublfood will fly to heaven (otherwise) fall to hell when market is negative.
Trade:
Buy above - 797
Target - 809
Stop Loss - 787
Reward Points = ...
Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..
