JUBLFOOD 1D Time Frame Analysis
-Price Moving in the rising channel since march 20 lows
- Try to break the channel in Dec and Feb with good volume but failed at breakout
- Break it with successful restest at channel trendlines and good volume
- Rally could lead it to 4000-4200 levels
- Good Support at 3200 levels
- can consolidate before breaking 4000 levels
The 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.
InvestPro India Team
JublFood Buy between 2085-2110
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
If my analysis appears OK then please...
Price went all time high & came down a bit, if you are planning to buy tomorrow when the market opens at this price, you need to ask yourself this question:- 'Who is buying this stock at this high price?'
There are two zones to buy, look for price action there. The price could even break the high & form a new structure.
Please remember alwys buy fresh levels if movement is already touch the levels then leave. Dont trade on that levels.
Always eat fresh fruits.
STRICTLY FOLLOW THE LEVELS. AND THIS IS PURELY FOR STUDY PURPOSE.
as there is big move in card but stock will post bed result as expected as basis opf chart and if stock take level of 730 and trade above that then stock target 750++ and if stock not suistain above 730 then stock will down by 4-7% after result.. as result normal or bad.