with tgt and sl market
entry price will be after a retest!
A confident breakout is when it retests the previous resistance zone as its (now) support zone.
ONLY TAKE A BUY TRADE ...... enter on BO above and then hold for the day .. if it stays above the trendline for the whole day take the stock home . see it on D chart then it might give you amazing upside :)
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.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
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.
