JUBILANT FOODS.. negative divergence,Jubilant Foods is forming negative divergence on dialy charts.
sell at cmp for target of 1580 1560 or for a test of 20 dma. SL 1640
JUBLFOOD trade ideas
JUBLFOOD CASH : LOOKS GOOD ABOVE 1610 JUBLFOOD CASH
20 NOV 2019
STRONG RESISTANCE AT 1605-1610
LOOKS GOOD ABOVE 1610 & DIPS 1604-1605
TARGET 1619-1620/1630
STOPLOSS 1598
CMP 1591
JUBLFOOD, Intraday SpecialJUBLFOOD has formed symmetrical triangle on 5-15min time frame. Since JUBLFOOD has Cup with Handle on longer time frame, BO is most likely.
JUBILFOOD JUBILFOODWORKS BULLISH
A SMALL F&P ( FLAG AND POLE) PATTERN IS WITNESSED IN 15 MIN TIME FRAME CHART
UPSIDE MAY BE SEEN.
POSSIBLE TARGETS: 1655/70
JUBLFOOD - CUP with HANDLE (LONG)JUBLFOOD is forming beautiful textbook cup with handle pattern in 2H time frame. If neck line at 1045 is broken, it will be good long candidate. Stock is already in strong uptrend.
JublFood Buy Zone Above 1600-1620Buy Zone: 1600-1620 - If it will sustain above this zone
Tg Zone: 1445-1455
Tgram at jtradingview
Jubilant FoodworksIt has entered into a PRZ of a bearish harmonic pattern AB=CD which is also inline with an Ichimoku time and price resistance. A retrace till 1450 from here. View negates above 1625
Jubilant Foodworks ViewJublfood may face resistance near 1580 levels... if broken & sustained above more upside possible
JublFood Short Idea(See Description below)Timeframe : Daily
Reasons:
1) Range bound in monthly and weekly chart.
2) In day chart making HH for upward move in range.
3) Perfect candidate to form Double top near 1530 range.
4) Double top neckline 1250.
5) If DT neckline broken can go till 973 which is coinciding with weekly and daily support.At max can go till 920(monthly support).
Short @ 1530
Stoploss @ 1580 to 1600
Target 1: 1250(neckline)
Target 2: 973(if neckline is broken)
Note: Setup invalid if weekly close is above 1600.
