Broken TL support for Jublfood. Short on TL retestClosed below TL support. SL closing above TL in 15 mins candle.
JUBLFOOD
Jubilant Foodworks Intraday IdeaNSE:JUBLFOOD
In higher timeframes, stock is trading near its trendline.
A triangle pattern is also forming in lower timeframe and can give good momentum on either after breakout or breakdown.
Keep on your watchlist
JUBLFOOD - double top or parallel channel with bullish pattern ?In the chart i could see the parallel channel is respected perfectly with 5 touchings at the bottom. Morning star candlestick pattern occurred in 1 hr timeframe and hammer formed in 1 day timeframe with huge volume. But here is the confusion, there is a formation of double top chart pattern even with little a retracement. So as per the movement in Monday i'll take a trade on either reversal or breakout accordingly.
Please comment if anyone is having the idea on further movement(reversal or breakout) with logic.
JUBLIANT FOOD SHARKSTOPLOSS GREEN AREA ON CANDLE CLOSING BASIS IT IS FALLING FROM HARMONIC .618 LEVELS
Jubliant Foodworks - WeeklyJubliant foodworks weekly chart has got butterfly pattern and prices are trading near its prz zone 1910-1956 levels.
Jubilant Food | Short Swing Trade Setup1. Daily Timeframe is showing bearish divergence.
2. Price Action made HH.
3. Indicators showing HL.
Expecting a move down on the basis of Price Action.
JublFood- See 1750 in short termBulls are roaring towards 1750 ...but don't go with option premiums bcz..they are moving along with. trade either future/equity cash
JUBLFOOD LEVELS About to BREAKOUTJUBLFOOD CONFIRMS THE UPTREND AND About to give the breakout upper level. Strictly follow the levels.
Purely for study purpose.
Risk and Riward ratio--> 10:10
Best of luck.
JUBLFOOD CP 1653 TARGET 1800 STOPLOSS 1630JUBLFOOD CMP 1653
TARGET 1800
STOPLOSS 1630 (DAY CLOSE BASE)
APPROXIMATE DURATION (25 DAYS)
