Jubilant Foodworks is going through consolidation phase for 6 weeks. It has formed bullish rising flag pattern. Thus, break above the rectangle is expected. Weekly RSI is at 66.81 - strong bullish. However, one has to converge expectations based on technical indicators and charts with operating factors which would drive the price upwards. At present, we don't see...
BUY JUBLFOOD ENTRY ABOVE 1280 ( CMP-1250) FOR NONSTOP TGT 1340++
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Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
No naked trade. Use strategy
Buy 1700 call , Buy 1700 put .
Buy 1700 call , sell 1850 call .
Buy Dec future , sell 1700 call.
Lot size is 500 ,
Manage risk : This stock has high movements (around 80-100 rs),
so even lot size is less ,big price movement gives high risk.