The stock is trading in this pattern and in the continuation, we may see 3400 odd levels and then retest to the lower blue line.
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InvestPro India Team
We can go long in jubilant food it's on support. Also it's on 100 day moving average.
The first target would be 3214 and if it breaks that level then it's good stock to hold for medium term
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.
Happy Trading!
InvestPro India Team
Short Jubilant Foodworks Below 2720 Stoploss 2842 Target 2620 and 2510
Study: Head & Shoulder Pattern...Neckline Breakodown Level is 2720 on closing Basis.
Jubilant Food , forms "Ascending Triangle Pattern" on hourly time frame as well as 15min TF also.
Above I gave all the details with Stop & target & this could be a nice rally for those who missed Biryani Treat from JublFood.
you can also research it and post it in the comment section.
JUBILANT FOOD - Ascending wedge pattern resistance breakout at monthly TF - Long
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
The analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and...
Note: This is for educational purpose only.
There seems to be first pullback post bullish breakout. This is a test of previous resistance which now turns to support.
JublFood 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
If my analysis appears OK then please...
(Swing / Positional Trade) | RR 1:2+ | Type:- Triangle Pre Breakout
Reasons To Trade🤔 :- Above 200 DMA, Stock In Uptrend, Forming Triangle Pattern, Last Candle- Bullish Pinbar (Hammer).
Entry :- 2300 - 2325
Stop Loss :- 2238
Target :- 2500 (It Can Give More) Depends On Market Condation.
(Risk Must Be Managed.)
Keep Your Eyes On Index
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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.
