Jubilant Foodworks NSE:JUBLFOOD has had a massive rally since June last year and came up with a strong set of numbers 2 days ago.
However, it is still going down which is a sign that the stock has run up too far and now Investors have started booking profits.
With a Negative Divergence and a Bearish Engulfing candle at the top, the stock presents a nice...
The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck
AMP has been in accumulation mode for some while. Only a matter of time before it starts in parabolic journey back to its Initial Coin Offering price of 45k.
There is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.
The pattern is self explanatory one can short now with small stop loss and take the ride till the lower level or whenever feels it is good profit. Risk to reward could be good.
