Jublfood #jublfood followup... pullback done and then hammer after breaking all time high... stay bullish here.
JUBLFOOD trade ideas
Jubilant Food - Price-Action Study - Bullish Structure is intactOn Weekly Chart, Jubilant Food looks Bullish and has not broken its structure since long times.
Please read my previous study on the Jubilant Food.
Currently on 1 Hours Time, stock started forming HL and HH, but not on DTF.... but on higher time-frame say Weekly, structure is very strong and still intact in uptrend.
Also, stock is completing its Pullback structure and again can give us a good up-move.
JUBLFOOD, TIME TO PIZZA & DONUT CO. TO SHINE AGAIN (CHART# 359)JUBLFOOD chart is presenting us many factors for its another leg of upmove.
1. Flag pattern breakout happened couple of days back and it has broken its previous high.
2. It did a retracement to 61.8% and bounced back.
3. Volume is building up in last 3-4 sessions.
4. During Muhrat trading session, previous high acted as support.
Above 2505 on Tuesday (17-Nov) it can continue its upmove. Must have on your watchlist.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
JUBLFOOD | Pin bar @ Trendline support -Lets try a swing for 18%JUBLFOOD | Pin bar @ Trendline support -Lets try a swing for 18%
CMP : 2167 (Can buy in dip upto 2125)
SL : 2070
Target : 2450, 2540
Jublfood Harmonic pattern AB=CDJubilant Food has shown a harmonic pattern ... an immediate reversal expected ... levels are given in the chart ...
Jubilant Foods - Bullish Breakout with volumeNote: This is for educational purpose only.
There seems to be a bullish breakout with volume. RSI above 65 indicates bullish momentum as well.
POSITIONAL SALE TRADE ACTIVESCRIPT 52 WEEK HIGH @ 2457
CMP @ 2400
BULLISH BAT COMPLETION LEVEL @ 1700
OVERALL ALL OSCILLATORS SHOWING NEUTRAL OUTLOOK
SALE NEAR CMP LEVEL KEEPING 52WEEK HIGH 2457 AS STOP WITH TARGETS
T1 2378
T2 2250
T3 2123
JublFood Buy between 2085-2110JublFood 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 LIKE, FOLLOW and SHARE to get more future ideas
JUBILANT FOOD : ALGO BUY SIGNALHOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position.
4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X.
5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low.
While maintaining the position :
6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position.
Exiting the position:
7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter.
9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately.
10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal.
No Trading Zone:
11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
One Right Trade's Swing Trade Idea #184 : Long on JUBLFOODThis is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Downtrend channel Breakout in JUBLFOOD For Target 2450+In today's session, Jubilant Food made a breakout of the downtrend channel. Possible it will show small retracement before the bullish rally towards the 2450+ levels which is nearly 200+ points from entry-level.
According to Fibonacci retracement possible, it will retrace till 2200 level once. After that, if it breakout the rejection level of 2245 then we can go long for the first target of 2350 and final target 2450+ with a well-defined stop loss of 2200.
Possible trade after retracement:
Buy JUBLFOOD 2245-2250
Stop-loss - 2200
Target 2350 2450+
jubilant foodworksNSE:JUBLFOOD
firts short till PRZ level and If One cud find reversal at Prz then long der
Jubilant Foodworks Limited profit jump by 200%.1. the long-term trend is bearish.
2. 2107 is acting as strong support.
3. buys are valid only if price breaks and closes above 2182.
4. stops should be based on the breakout candle or by risk limit.
