JUBLFOOD
JUBLFOOD chart for 4th Feburary 2021/ Arpittyage/ PhantomStonksas per the Chart, 2871 could work as a double top,
after Gap Up price sustain above 2871- GO long- targets- 2921, 2989
gap Down below 2871- target- 2831, 2757.
also watch out 8 ema and Recent High of the chart on 1 day time frame.
sharing this cuz i beleive in my Analysis and it works. Please do your own research before making a move.
Important Level for JubilantThe stock is following the trend line and if it sustains below the Friday low, 2733 then we may see levels marked with the black lines until 2840 doesn't break on the upside.
But If it holds the level, we can take the buy trade with 2655 as SL for upper targets.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
JUBLFOOD - Good ConsolidationA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Why I think JUBLFOOD can cross ATHThe analysis is given on the chart
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