Jublfoodtips
JUBLFOOD - Buy if sustain above 475Buy if sustain above 475 with SL 471
Disclaimer : I am not sebi register analysis
JublFood Buy between 2085-2110JublFood Buy between 2085-2110
SL 2025
Target: 2135, 2155, 2165, 2178, 2185
Wait for correction, First bounce may be between 2150-2165
Else it will bounce between 2085-2110
Results scheduled on 12th Nov-20
Posting for Educational purpose only
Closing Basis means stock need to trade in range 2085-2110 between 3:20 ~ 3.30 PM
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JUBLFOOD - ShortJUBLFOOD has gave a breakdown following its descending triangle.
Rest is mentioned on charts.
Short term EW analysis on JUBILANT FOODWORKSC leg of the correction seems to have been started.
Wave 2 is in completion zone so if wave 2 is completed then the price pattern should respect the trendline which is drawn on the chart. If wave 2 is not completed the we will have to revise the trendline.
If W2 is completed and trendline is not breached then SL can be nearest swing high and one can ride the trend.
Note: Pattern gets violated only if price breaches the invalidation point.
