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.
Entry:- 605-605
Target:- 790
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...
this area looks promising taking long with toffee stop loss of 480 ranges for 10 to 20% upside from the current range
if stops taken we will look for next blood bath to make some extra cash out of it.
![JUBLFOOD: [Positional] Jubiliant Foods](https://s3.tradingview.com/s/sQEqpAfb_mid.png "[Positional] Jubiliant Foods")
