JubliantFoodWork breakout can buy above 600 for the target of 700,sl can be 588.
breaking 200EMA, moving towards uptrend,MACD crossover
for educational purpose,do your own research.
Jubliant foodworks has started upward rally can go min 15% till 681.95 or can go beyond it, till 780 2nd Tr. here minor wave 5 has started in which minute wave 3 is going on.
Note - before taking trade please do your own Research above shared views are for educational purpose.
JUBILANT FOOD WORKS
Jubilant FoodWorks has corrected 45% from its top & also market overreacted for its CEO's resignation. Also stock valuation corrected by this.
Stock supported at fib level on the weekly chart can be seen an upside move from these levels.
Can be good to add at 2500 levels or will be safe to add if it corrected to 2300 levels
So buy and hold...
NSE:JUBLFOOD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
Hi,
Chart is for your information and the Target level in plotted in Chat also but remember one things This stock will outperform after corona over and expecting strong profit in Q3 21-22.Hold upto October end. May be 5000 can touch but my safe exit point is 4800 and good time to Invest.
This idea only for education purpose.
Cheers,
Happy learning.
This is follow-up on Jubilant FoodWorks. Can check link to related ideas.
Target 1 achieved. More than 18%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
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 has a history of making doublt/tripple bottom and move about 600 points.
It has been repeated twice. Let's see if this repeats this time as well.
Currently stock is forming a base and created a double bottom pattern breakout of which is still awaited.
DISC: For educational purposes only.
